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.
Guidelines for Suitability in Lending to Low-Income Households
In December 2014, the Reserve Bank of India published the Charter of Customer Rights as a commitment to protecting the interests of consumers of financial services.
NBFCs’ collection efficiency takes a hit post demonetisation
Non-banking finance companies (NBFCs) represent an important linkage between the formal banking sector and informal segments of the real economy in India
Comments to the report of the “Committee to review the framework related to Digital Payments” dated 09 December 2016 (Committee), constituted by the Ministry of Finance, Government of India (Report)
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.
Comments on the Report of Watal Committee on Digital Payments
Shortly after Christmas last month, a press release from the Ministry of Finance on 28th December announced that the Committee on Digital Payments (chaired by Ratan P. Watal) had submitted its Report.
