We are proud of our association with MFIN from the time that we were an NBFC-MFI and are pleased to have continued the association even after getting the banking license. At Fincare Small Finance bank, our view is that irrespective of the legal format, a common body governing the entire JLG business is an absolute essential and MFIN has played this role in a very efficient and diligent manner.
It is heartening to see MFIN stepping up advocacy and intervention on sensitive topics like loan waivers, natural calamities etc. We believe that in future, MFIN should consider consolidating its efforts in the areas of a. participation in employee bureaus and b. identification of negative database of ring leaders, in order to further strengthen the microfinance sector.