RBI pushes back on easing microfinance FOIR, flags rising rates and debt risks

MFIs should lend responsibly as climate risks could impact borrowers: RBI Deputy Governor

Shirish Chandra Murmu flags rising ticket sizes, over-indebtedness risks and calls for stronger credit assessment amid demands to ease income norms

RBI pushes back on easing microfinance FOIR, flags rising rates and debt risks

The RBI has rejected calls to relax the 50% fixed-obligation-to-income (FOIR) limit for microfinance borrowers, warning that excluding certain loans from the calculation could understate household debt. Deputy governor Shirish Chandra Murmu said the limit should be treated as a maximum, not a lending target.

RBI unlikely to ease 50% FOIR limit for microfinance loans, says deputy governor Murmu

Murmu said the 50 per cent limit was already a liberal threshold, considering the limited financial cushion of low-income households and their vulnerability to economic shocks.

RBI to review Rs 3 lakh income threshold for microfinance borrowers: Deputy Governor - tennews.in: National News Portal

Mumbai, Nov 15 (IANS) The Reserve Bank of India (RBI) will review the annual household income threshold of Rs 3 lakh for microfinance borrowers, Deputy Governor Shirish Chandra Murmu said, signalling a possible reconsideration of the existing regulatory limit amid demands from the industry for a revision. Speaking at an event organised by the Microfinance […] The post RBI to review Rs 3 lakh income threshold for microfinance borrowers: Deputy Go…

RBI to Review Rs 3 Lakh Annual Income Limit for Microfinance Borrowers: Deputy Governor

Mumbai, November 15, 2026 (Yes Punjab News) The Reserve Bank of India (RBI) will review the existing annual household income threshold of Rs 3 lakh for microfinance borrowers, Deputy Governor Shirish Chandra Murmu said on Sunday, indicating that the regulatory limit could be reconsidered in response to changes in the sector. Speaking at an event […]

RBI May Review Income Threshold for Microfinance Borrowers, if Needed: Deputy Governor

Speaking at an event organised by the Microfinance Institutions Network (MFIN) here, Murmu said the central bank would assess the need for revising the threshold in light of developments in the microfinance sector.