AMIL receives its NBFC-MFI license from the Reserve Bank of India

Agora Microfinance India Limited has received its license as a Non-Bank Finance Company – Microfinance Institution (NBFC-MFI) from India’s Central Bank (RBI).  The license puts AMIL firmly on the Indian map as a registered Microfinance Institution.

Speaking on the development, Meenal Patole, CEO said “We are thankful to the RBI for their positive consideration of our application, and I am confident that the license will help establish our presence further in the Mumbai market.  The license brings a degree of accountability for responsible finance which we are engaged in”.

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