Recently, we flagged off our new blog series on financing options for non-bank originators with our first post that explored debt-funding options in some depth.
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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
Recently, we flagged off our new blog series on financing options for non-bank originators with our first post that explored debt-funding options in some depth.
In a move aimed at developing the secondary market for securitised debt instruments, SEBI has released a Listing Agreement for such instruments and directed the exchanges to do the needful to enable listing of securitised debt instruments.
Does the RBI's claim to regulate NBFC (MFIs) have more merit than Federal state governments' claims? An analysis of constitutional provisions by Vishnu Peri, IFMR Mezzanine Finance.
[The author is an independent columnist. This article is a reproduction of his column from The Telegraph]
The AP microfinance crisis has raised significant questions on the design of the financial system that best ensures inclusion. The crisis has revealed deep discomfort with the regulation of Non-Deposit taking Institutions (NDI). Some observers have equated NDIs to moneylenders.
In what could become a welcome trend, the RBI has started putting out detailed discussion notes on future policy steps.
Third in the series of articles in The Hindu Business Line, Puneet Gupta and Jayshree Venkatesan of IFMR Mezzanine Finance write about some of the barriers to accessing finance.
Recently, CRISIL has revised the rating of the senior and subordinated securities issued by Pioneer III - a pool securitised by Grameen Financial Services – to AAA(so) and A(so) respectively.
Securitisation of assets by NBFCs came under regulatory purview with draft guidelines being put on the RBI website on June 3rd.
IFMR Finance Foundation has come out with a comprehensive manual with a detailed blueprint for commercial banks to deepen financial access in a viable manner using the Business Correspondents (BC) and Business Facilitators (BF).
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