After repeated strictures from the Reserve Bank on the industry's practices, the Microfinance Institutions Network (MFIN) on Monday announced a slew of changes to make lending to the bottom of the pyramid more "responsible". From January 1, the self-regulatory organisation's members will ensure that a single MFI client's borrowings are limited to three MFIs as against four at present and the total indebtedness of a borrower including MFI and unsecured retail loans is capped at Rs 2 lakh, a statement said. The body's chief executive and director Alok Misra hoped that the sector will become "more resilient" with the new measures. Over the last few months, the RBI has gone public with its concerns on a slew of practices adopted by the MFIs, including usurious high interest rates, multiple lendings to single borrowers and even practices like not crediting loan repayments to the rightful accounts despite being paid by borrowers. On October 21, the RBI also asked four entities including