RBI plans paper on uniform rules for MFIs

KOLKATA: The Reserve Bank of India (RBI) is likely to come up with a discussion paper on uniform microfinance guidelines next week as it looks to harmonise regulations for various lenders to the bottom-of-the-pyramid customers. The regulator may acknowledge the need for relaxing the qualifying asset rule for NBFC-MFIs and remove the regulatory gaps to make the field more even. In the last monetary policy, RBI had said that a consultative