1. According to new NRB directive, cross holding of micro-finance companies will end with immediate effect and they have to sell their cross holding, if any, within two years.
2. Number of micro-finance companies has increased fast. New "ONe Zille" development banks have this options to convert to micro-finance. The NGOs with approval to run saving-credit schemes are being converted to micro-finance companies.
3. The last blow could be spread rate on interest. If that will come into effect, micro-finance companies may loose their attraction of investors as their profitability will be decreased greatly.
Hence, we should keep our eyes open to read the possibilities and should start some precautionary acts. There is no immediate danger, but on the long run, the danger could be very real.
Note:
There were 14 one-district development banks popularly called as "one Zille bank". This is the figure of Poush 2071. They are not new banks but when the development bankers association asked NRB to allow them to be micro finance bank or laghu bitta bikash bank, the NRB has said it is positive to do so. For the details of such banks including name, location, etc, please visit:http://www.nrb.org.np/.../Profile_1_District_Level.pdf
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