Independent Research and Policy Advocacy

Policy Initiatives

Financial Systems Design

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.

Amulya Neelam Dvara

Amulya Neelam

Senior Research Associate

Deepti George Dvara

Deepti George

Deputy ED and Head of Strategy

Dwijaraj Bhattacharya

Head - Financial Systems Design

Navaneeth M S

Research Associate

Shree Harini Dvara Research

Shree Harini V

Research Associate

Sowmini G Prasad Dvara

Sowmini G Prasad

Senior Research Associate

Our Work

January 18, 2017 | Dvara Research

Non-banking finance companies (NBFCs) represent an important linkage between the formal banking sector and informal segments of the real economy in India

By Bindu Ananth, Dr. Kshama Fernandes
October 26, 2016 | Dvara Research

RBI recently released the operating guidelines for the Small Finance banks and Payments Banks on October 6, 2016. To take stock of these, we have put together a brief comparison of the regulatory requirements of these banks against those for universal banks.

By Madhu Srinivas
October 18, 2016 | Dvara Research

Banks in India, whether large or small, have traditionally been required to adopt similar strategies to expanding their banking businesses.

July 27, 2016 | Dvara Research

In this post we have put together an infograph below that highlights some of the aspects pertaining to credit bureau regulatory landscape in India, USA and Australia.

By Vineeth Maddi
July 5, 2016

Payments banks are different from regular banks. They can only accept deposits up to Rs. 1 lakh per person, roughly $1500, and cannot grant loans. Furthermore, payments banks can only invest their money in safe government securities and other highly liquid assets. Their primary objective is to further financial inclusion by providing access to small savings, payments and remittance services to low-income customers without compromising financial stability.

By Liliana Rojas-Suarez
June 17, 2016 | Dvara Research

Recently the Reserve Bank of India released a Consultation Paper on Peer to Peer Lending aimed at defining the contours of regulating Peer to Peer (P2P) Lending in India.

By Linda George
June 14, 2016 | Dvara Research

I had an opportunity to participate in the excellent conference organised by the Stanford Centre for International Development (SCID) on Indian Economic Policy as a discussant for a presentation by Dr. Rakesh Mohan.

May 29, 2015 | Ideas For India

The Indian government is promoting the Jan Dhan Yojana, Aadhaar and mobile banking – or the “JAM trinity” — as the pathway to financial inclusion. But are banks capable or even willing take on their role in this ambitious agenda? Based on a field study in Chennai, this column highlights the range of costs and constraints imposed by banks on customers attempting to enter the formal financial sector.

By Camille Boudot, A.J. Mowl
May 25, 2015 | Dvara Research, Ideas For India

The Indian government is promoting the Jan Dhan Yojana, Aadhaar and mobile banking – or the “JAM trinity” — as the pathway to financial inclusion. But are banks capable or even willing take on their role in this ambitious agenda? Based on a field study in Chennai, this column highlights the range of costs and constraints imposed by banks on customers attempting to enter the formal financial sector.

By Camille Boudot, A.J. Mowl
December 18, 2014 | Dvara Research

85% of our workforce employed in the unorganised sector workforce who do not have access to any formal pensions, the Government of India (GoI) introduced the National Pension System-Swavalamban (NPS-S) in 2010. This scheme was implemented with of the objective of encouraging citizens engaged in the unorganised sector to save towards retirement.

By Deepti George, Anand Sahasranaman, Vishnu Prasad, Rachit Khaitan, Nishanth Kumar