Shadow banking as the symptom and not the disease
A friend pointed me to an interesting new book recently, “Inside China’s Shadow Banking: the Next Subprime Crisis”. This is written by an investment banker turned shadow banker, Joe Zhang.
Analysing a city’s finances – Example of Srirangapatna TMC, Karnataka
Continuing our focus on Municipal Finance, we look at the financial statements of Srirangapatna TMC in Karnataka in this post. We are currently working with the town of Srirangapatna as a part of IFMR Finance Foundation’s Financial Access for Small Cities initiative. In this post, we examine the town’s finances over the past ten years and find similarities to national trends.
Financial inclusion through the lens of CRISIL Inclusix
Financial inclusion is a key enabler of economic and social development. The effectiveness of the financial inclusion agenda in India can be significantly enhanced if there are objective ways to measure it.
FSLRC on Micro-prudential Regulation
The financial-legal framework envisaged by the FSLRC comprises nine important components, one of which is Micro-prudential regulation.
Pragmatic Municipal Finance Reform in India: Lessons from policy in South Africa & Brazil
As a part of our series on Municipal Finance, we present a summary of Anand Sahasranaman’s paper on Pragmatic Municipal Finance Reforms in India, published in the November 2012 edition of Environment and Urbanisation Asia
A New Framework for Financial Consumer Protection in India
The financial crisis of 2008 brought to light many consumer abuses prevalent in the financial
services industry.
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
