Current Affairs · MFIN Regulatory Guidelines Deferral

Consider the following statements regarding the decision by the Microfinance Institutions Network (MFIN) to defer certain regulatory guidelines: 1. MFIN deferred the implementation of a new directive that limits the number of lenders to three per borrower, shifting the effective date from January 2025 to April 2025. 2. The operational deferral was primarily granted because microfinance institutions required adequate time to make necessary overhauls to their IT systems and business rule engines. 3. As a direct result of the deferral announcement, the stock shares of major microfinance firms, including CreditAccess Grameen and Spandana Spoorthy, witnessed a significant decline due to prolonged regulatory uncertainty. Which of the statements given above is/are correct?