Wednesday, December 15, 2010

CRISIL PUTS 12 MICROFIN FIRMS ON RATING WATCH

A quarter of Indian micro finance companies may fail after a clampdown last month in their biggest market pared debt payments and curtailed bank financing. As many as 60 to 70 of the 260 micro finance institutions are likely to collapse in coming months as banks halt lending to them to curb risks.

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