hyderabad five banks have formed a committee to examine the states proposal of debt swap of microfinance institution mfi loansthe banks include sbi sbh indian bank andhra bank and syndicate bank the committee would send community resource persons to areas where mfis have a large presence and look at the practical viability of the proposalthe move assumes significance in the wake of high interest rates charged by mfis from the rural poor the estimated exposure of these mfis in the state is around rs 9000 crore the district collectors are already gathering data on the quantum of loans extended by mfis in the state