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.

Dwijaraj Bhattacharya

Head - Financial Systems Design

Navaneeth M S

Research Associate

Shree Harini Dvara Research

Shree Harini V

Research Associate

Our Work

June 22, 2021 | CNBC TV18

From a student perspective, there are several challenges associated with paying for any form of higher education, which requires a greater level of commitment in terms of cost.

By Sowmini G Prasad, Dr. Nachiket Mor
June 16, 2021 | Dvara Research

This post captures comments by Dvara Research to the report of the SEBI Technical Group on Social Stock Exchange

By Deepti George, Dr. Indradeep Ghosh
April 15, 2021 | Dvara Research

In this paper, we assess the public disclosure regime of the Indian banking sector & provide our recommendations that RBI can consider implementing to enhance the transparency of disclosures

By Amulya Neelam, Sowmini G Prasad, Madhu Srinivas
April 14, 2021 | Dvara Research

In this post, we revisit the issue of over-indebtedness in microfinance and provide a set of suggestions to address them

By Sowmini G Prasad
April 9, 2021 | Dvara Research

In this post, we discuss the market & regulatory barriers that prevent most farmers, banks & NBFCs from participating in the commodity derivatives market

By Deepti George, Dwijaraj Bhattacharya, Madhu Srinivas
March 26, 2021 | Dvara Research

In this blog post, we share our responses submitted to the RBI to the questions posed in the discussion paper

By Deepti George, Dwijaraj Bhattacharya, Madhu Srinivas
March 24, 2021 | Dvara Research

Non-Banking Finance Companies (NBFCs) play a critical role in the credit ecosystem by acting as last-mile financiers for the unbanked and underserved segments of the Indian economy,

By Deepti George, Dwijaraj Bhattacharya, Madhu Srinivas, Sowmini G Prasad
March 17, 2021 | Dvara Research

Excessive debt negatively affects households and can diminish any developmental gains from such debt. It also dampens a nation’s economic growth and threatens its financial stability.

By Dwijaraj Bhattacharya, Amulya Neelam, Deepti George
March 8, 2021 | NDTV Profit

he current approach is making NBFCs safer but requiring banks to become riskier, write Nachiket Mor and Dwijaraj Bhattacharya. Read more at: https://www.ndtvprofit.com/bq-blue-exclusive/expanding-access-to-bank-credit-by-building-the-nbfc-periphery Copyright © NDTV Profit

By Dr. Nachiket Mor, Dwijaraj Bhattacharya
February 25, 2021 | ThePrint

India urgently needs a range of entities to solve for the vast diversity in its credit intermediation requirements, including in infrastructure financing.

By Dr. Nachiket Mor, Deepti George