A well-functioning and resilient financial system needs a good mix of institutions that collectively meet the financial intermediation needs of the country, be it individuals, households, businesses, sectors and local governments, while simultaneously enhancing the stability of the system as a whole.
Head - Financial Systems Design
Research Associate
Research Associate
Three issues that the RBI must prioritize as it seeks to revise MFI regulations. While the prescriptive nature of these regulations has helped by setting in place core systems, processes and an overall structure towards better compliance, there is a growing concern over the capability of the current regime to effectively protect borrowers from over-indebtedness.
RBI would do well to rethink its strategy of improving policy transmission by linking retail loans to external benchmarks.
Inaugural Dvara Research Blog Competition 2019
Individuals and households need access to reliable financial services like a safe and accessible place to save and affordable credit.
A case of BNDES, Brazil
India is a bank-dominated financial system with about two-thirds of all financial assets in the economy belonging to the banking sector.
On the June 2019 Financial Stability Report released by the Reserve Bank of India.
Comparing regulatory approaches that CRAs are subjected to across India, the US and EU.
The new regime must be one that can hold all entities to a common standard of institutional conduct in how they deal with the individual customer, including how they sell products.
Recommendations that financial sector regulators can consider applying on regulated financial services providers in order to improve outcomes for households and enterprises.
In all our research efforts, we strive to maintain an independent voice that speaks for the low-income household and household enterprises. Our ability to perform this function is significantly enhanced by our commitment to disseminate as a pure public good, all the intellectual capital that we create.
