The P2P Lending Market in China: A Parable for Indian Policymakers – Part 2
In the first post of this two-part series, we tracked the explosive rise of the P2P lending market in China, which took place in the absence of any regulations.
The P2P Lending Market in China: A Parable for Indian Policymakers – Part 1
Since 2011, China’s P2P lending market has witnessed unprecedented growth. However, numerous high profile platform failures prompted the Chinese authorities to come out with a host of regulations at the end of 2016.
District-level Assessment of Credit Depth in Uttar Pradesh
In this post we assess the state of bank credit depth for the state of Uttar Pradesh (UP) and the variation in credit depth across the 75 districts of UP during the 2004-12 period.
Monetary Policy Transmission in India – Part 2
In the second post of our two-part series on Monetary Policy Transmission, we take a closer look at the impediments to policy transmission in India and also list the recent measures taken by RBI/Government to overcome these impediments.
Monetary Policy Transmission in India – Part 1
Monetary policy plays a significant role in determining the trajectory of a country’s economy. While not directly affecting the structure of a financial system, the policy significantly influences the actions of economic agents of the financial system, including financial institutions
Comments to the draft circular “Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions”
The Future of Finance Initiative (FFI) is housed within the IFMR Finance Foundation (IFF) and aims to promote policy and regulatory strategies that protect citizens accessing finance given the sweeping changes that are reshaping retail financial services in India. Our vision is for regulation and policy to develop to support universal access for all citizens to a range of channels through which they can transact securely and confidently.
Investing in the Transformation of Financial Access in India
The innovative finance revolution : Private capital for public good
The Innovative Finance Revolution
Foreign Affairs magazine in association with The Rockefeller Foundation has published a special issue titled “The Innovative Finance Revolution”.
Let’s Break It Down: The Watal Committee Report – Malavika Raghavan, IFMR
The Watal Committee report was released in early December to make recommendations about Digital Payments in India. The report is titled: “Medium Term Recommendations to Strengthen Digital Payments Ecosystem” This talk takes you through the highlights and lowlights of the Watal Committee report. Malavika presents some of the Committee’s rationale and thinking as set out in the text of the report and gets into the details of each of the 13 recommendations that the report made. The Report’s recommendations could have far-reaching impacts on Indian financial systems design, particularly for the regulatory architecture and the operation of payment systems in the country – including (1) the set-up of an independent “Payments Regulatory Board” within the RBI, (2) large scale amendments to the main Payments legislation, the Payment and Settlement Systems Act 2007, and (3) several measures to Government around incentivising digital payments by absorbing costs into the system.
All’s well that repays well? Not necessarily.
The past year has seen many commentaries on the rapid expansion of microfinance in India warning of the imminent consequences of unbalanced growth.
