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.
Agricultural Markets: Five Opportunities for Innovation After Demonetisation
Due to the demonetisation of currency and recall of the currency notes of Rs. 500 and Rs. 1000 denominations announced by the government there was some panic in the initial days and the mandis were closed for some days.
In the Eye of a Cyclone
Even as the city of Chennai was grappling with the after-effects of the devastating floods of December 2015, exactly a year later, Cyclone Vardah unleashed its fury, leaving behind a trail of destruction and devastation.
Top 5 Game changers for the Indian Financial System in 2016
As the year comes to a close, we put together the top 5 developments that we believe have shaped the Indian financial system in 2016.
