Green shoots for Anil Ambani and MFIs' problem with RBI guidelines

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Editor's note: Surendar here. The past one week has seen a couple of developments that point to a possible return of Anil Ambani. It’s a remarkable moment, and as I look into the enormity of it I also wonder if elder brother Mukesh Ambani has a role to play.   Microfinance institutions too had a reason to cheer this week. But there may be a reason to be worried too. And that’s what my colleague Advait red flags about the central bank’s proposals for MFIs in a consultative document.  Return of the prodigal son In the last week, when you were distracted by hammering in the Adani Group’s share prices, you may have missed a side show. The shares of the beleaguered Reliance Group led by Anil Ambani were posting smart gains, with current flagship Reliance Infrastructure rising 50% in just a fortnight. Shares of his other group companies, including bankrupt ones, had also made big gains. Just nine months ago, it seemed as if Ambani’s game was up. Last October, the Mumbai bench of the National Company Law Tribunal had allowed initiation …