However, public notice or censure of a regulated institution by the Reserve Bank is also an available option, recognising that public understanding and attention is likely to sharpen the incentives for good behaviour in future.
Self regulation Events in the last few years have indicated that the “for profit” model of microfinance, where there is a heightened emphasis on rapid scale and high profitability, has not been very successful in meeting their social objectives nor has such a model been sustainable.