imposition of a margin cap and interest rate cap on individual loans;  iii. requirement of transparency in interest charges;  iv. lending by not more than two MFIs to individual borrowers;  v.  creation of one or more credit information bureaus;  vi. establishment of a proper system of grievance redressal procedure by MFIs;  vii.
creation of one or more “social capital funds”;  viii. continuation of categorisation of bank loans to MFIs, complying with the regulation laid down for NBFC-MFIs, under the priority sector, etc. The recommendations of the Committee have brought out clarity in regulation of MFIs and led to the containment of the crisis without domino effect.