Ubiquitous Access to Payments – One (big) Step Forward
Yesterday, the RBI announced in-principle Payment Bank licenses for eleven applicants. To put things in perspective, there were two new bank licenses in the last decade.
Measures of Financial Depth and their Limitations
In the previous post of the blog series on financial depth, we attempted to understand the nature of the relationship between financial depth and economic growth.
Relationship Between Financial Depth and Economic Growth
This is the first post in our blog series on the concept of financial depth and the various methods to measure it. The introductory post summarizes the literature pertaining to the significance of financial depth.
Payments Banks become a reality
The RBI has published final Guidelines for Licensing of Payments Banks in India after reviewing feedback and comments obtained by it on the draft guidelines that were published in July 2014 and covered in an earlier post.
Niche banking in India: Draft Guidelines for Payments Banks
The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households recommended developing a vertically differentiated banking structure, in which banks specialise in one or more of three functions- payments, credit delivery and retail deposit taking.
The Mor Committee Report – Will Payments Banks Be Revolutionary or Evolutionary?
One of the more debated aspects of the Mor Committee’s report on “Comprehensive Financial Services for Small Businesses and Low Income Households” is the proposal for the new class of banks, in particular the “Payments Banks”.
Video: Dr. Nachiket Mor on the Report of the RBI Committee on Comprehensive Financial Services
In the below video Dr. Nachiket Mor articulates the RBI committee’s vision for financial inclusion and financial deepening in India covering aspects of Universal Electronic Bank Account, Payments, Credit, Priority Sector Lending and Customer Protection.
On the ‘Implementability’ of the Recommendations of the RBI Committee on Comprehensive Financial Services
Since its release on January 7, it has been heartening to see the amount of debate and interest generated by the Report of the Committee on Comprehensive Financial Services, chaired by Dr. Nachiket Mor.
RBI Releases Report of the Nachiket Mor Committee on Comprehensive Financial Services
The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, set up by the RBI in September 2013, was mandated with the task of framing a clear and detailed vision for financial inclusion and financial deepening in India.
FSLRC on Micro-prudential Regulation
The financial-legal framework envisaged by the FSLRC comprises nine important components, one of which is Micro-prudential regulation.
