During the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and operate within a laid down framework, should not come under the purview of the state-level Act.source https://economictimes.indiatimes.com/industry/banking/finance/rbi-raises-concerns-over-dual-microfinance-regulation-in-assam/articleshow/82680367.cms
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