A Commentary on RBI’s Draft Framework for Securitisation of Standard Assets, 2020
We discuss the need for a clear vision, rationale, and a roadmap to be placed by the RBI for how it sees the draft framework enable the development of this market. We also consider how RBI has made the choice between capital neutrality and capital relief through this framework and how the outcomes from such a choice can have an impact on how securitisation serves the efficient movement of risks within the banking system and also to investors outside the banking system.
Social Stock Exchange: Tax And Other Policy Recommendations
In this series of columns, members of a drafting team on the Working Group report on Social Stock Exchange detail important recommendations.
Social Stock Exchange: New Funding Avenues For Non-Profit Organisations
The Social Stock Exchange is envisioned as the venue that will originate pertinent funding structures for NPOs. One of the main hurdles that non-profit organisations (NPOs) face in securing financing from a wide variety of sources is the lack of robust information about their activities. To mitigate this problem, the establishment of a Social Stock Exchange (SSE) will prompt all NPOs that access capital through it, to submit to a minimum reporting standard.
Social Stock Exchange: Unlocking New Pools Of Capital For Non-Profit Organisations
A common minimum reporting standard has been recommended for all fundraising activity through the proposed Social Stock Exchange.
Can Payments Banks Succeed? A Trilemma and a Possible Solution
Recently, the Reserve Bank of India has begun licensing a new kind of retail bank, called payments banks, for the hitherto financially excluded.
A conflict-ridden SIDBI needs the government to clarify its role
In their book, In Service of the Republic, Vijay Kelkar and Ajay Shah warn against distortions caused by the government and its entities being both player and umpire in various sectors .
A Commentary on Select Recommendations of the Report of the IRDAI Committee on Microinsurance
As per IRDAI (Micro Insurance) Regulations, 2015, the microinsurance business is exempted from customised benefit illustration6 and disclosure norms prescribed in IRDA (Linked and Non-Linked Insurance Products) Regulations. IRDAI’s latest circular on this continues to extend this exemption.
Covid-19 Package: A Shot In The Arm For MSMEs And NBFCs
Response to the rescue package announced by Finance Minister on May 13th, 2020
The Risk Aggregator Model in Banking for India
India has relied on banks to drive its financial inclusion efforts. However, the high levels of NPAs in banks’ balance sheets has forced them to cut back on lending, adversely affecting the financial inclusion agenda.
A Commentary on RBI’s December 2019 Financial Stability Report
On the December 2019 Financial Stability Report released by the Reserve Bank of India.