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MFIs see consolidation, fall in margins
Say may have to bank on service area approach to expand. If the Malegam committee’s recommendations are accepted, microfinance institutions (MFIs) say they may adopt a service area approach to expand. They also expect consolidation and a fall in margins. The committee, headed by Y H Malegam, was set up by the Reserve Bank of India (RBI) to review the functioning of MFIs. "We will have to look at