Where Angels Prey

Where Angels Prey is a novel by Ramesh S Arunachalam. Please refer to www.whereangelsprey.com for more information

Thursday, July 28, 2011

Governance of MFIs: Time to implement ‘connected lending’ provisions of RBI circular of 2007

Ramesh S Arunachalam
MSME and Rural Finance Practitioner

Is it appropriate for a company, established to provide access to finance to low-income people, to lend to its promoter and managing director to buy shares in the same company at par value?

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