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Former RBI deputy governor H R Khan to head micro-finance panel

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of NBFCs

Press Trust of India  |  Kolkata 

H R Khan, former RBI deputy governor
H R Khan, former RBI deputy governor

Former deputy governor of the Reserve Bank of India (RBI), has been appointed as the first chairman of the steering committee of the Code for Responsible Lending (CRL) in micro-

The CRL is a self-regulatory step for the micro-industry making diverse entities like banks, NBFC-MFIs and adhere to standards of customer protection, a statement by Micro-finance Institutions Network (MFIN) said.

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of

"I am excited to be part of this initiative of MFIN and Sa-Dhan. I strongly believe in the importance of promoting responsible finance to protect the interests of underserved and unserved borrowers," Khan said.

The CRL was envisaged to be guided and supervised by a steering committee representing banks, SFBs, NBFC-MFIs, and industry associations under an eminent independent chair.

Members of the steering committee include Harsh Shrivastava of MFIN, P Satish of Sa-Dhan, Srinivas Bonam of IndusInd Bank and Sonia Krishnankutty of L&T Finance among others, the statement added.

First Published: Fri, November 29 2019. 11:20 IST
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