FSLRC on Systemic Risk
Following the IMF-FSB-BIS definition, the FSLRC defines systemic risk as “[a] risk of disruption to financial services that is caused by an impairment of all or parts of the financial system and has the potential to have serious negative consequences for the real economy.”
How Utkarsh Microfinance handles Customer Grievance
On a recent visit to MFIs working in eastern Uttar Pradesh, we chanced upon some great innovations and field practices, which are clearly taking customer focus to the next level. In this post, I elaborate on the innovation we saw at Utkarsh Microfinance in Varanasi.
FSLRC on Financial Regulatory Architecture
India’s regulatory architecture has been driven by the creation of product-specific regulators. We have multiple regulators: Reserve Bank of India (RBI) that regulates savings and credit,
Response to Proposed Survey under the National Strategy for Financial Education
The Technical Group on Financial Inclusion and Financial Literacy proposes to carry out a nationwide survey to assess the ‘state of financial inclusion and financial literacy’ in India. Prior to commissioning this large-scale effort, it would be important to look into the design aspects of such a survey, including: (I)Coordinating with existing large-sample surveys on financial inclusion
FSLRC on Financial Inclusion and Market Development
The FSLRC report identifies three problems that occur when regulators pursue the objectives of financial inclusion and market development like subsidizing credit for agriculture or increasing the flow of credit into certain states,
An overview of the features of the Mahatma Gandhi National Rural Employment Guarantee Act (2005)
Continuing on our series on Unemployment Support In India, this post provides an overview of the Mahatma Gandhi National Rural Employment Guarantee Act (2005).
FSLRC on Financial Consumer Protection
Keeping in mind the existing state of consumer protection measures in place for India, FSLRC has proposed a consumer protection framework for financial services, with the stated objectives being – to protect and further the interests of consumers of financial products and services; and to promote public awareness in financial matters.
The outbreak that enabled urbanisation: London in “The Ghost Map”
This post is cross-posted from our Financing Small Cities blog. The post marks the beginning of a new blog series “Cities in Books”, in which we will put across posts that reflect on how cities are portrayed in books and relate them from an urbanisation perspective.
Interview with Justice Srikrishna, Chairman, FSLRC
As part of our blog series on the FSLRC report, we will be conducting a series of interviews with key experts to get their perspective on the report and its implications.
Cost of Delivering Rural Credit in India
Central to the debate on access to finance for India, is the question of the most appropriate channel for credit delivery. Credit intermediation has traditionally been the stronghold of banks, driven by policy mandates and regulatory backing.
