Protection versus service – The RBI should rethink its entire model of regulation
[The author is an independent columnist. This article is a reproduction of his column from The Telegraph]
Taking banking to the last mile
Efforts to promote financial inclusion achieved momentum in the country with the RBI guidelines in January 2006, allowing appointment of non-bank Business Correspondents (BC) as agents for the delivery of financial services outside bank branches.
Malegam Committee recommendations carry the risk of financial exclusion
We appreciate the Malegam Committee’s recommendations to increase the supervisory capacity of the RBI , to make MFI regulation consistent at the national level, to promote good corporate governance, to increase bank lending to MFI’s, and to make available alternative sources of equity.
Malegam Committee Report on microfinance released
The Reserve Bank of India has released on its website the Report of the Sub-Committee of the Central Board of Directors of Reserve Bank of India to Study Issues and Concerns in the MFI Sector. The Sub-Committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs. To qualify […]
Investing in financial inclusion
An investment banker has to develop sector-specific guidelines and methodologies to help him deal with small and disaggregated clients, and scale up low-ticket transactions.
India needs a better debt market
A well-functioning capital market is an important prerequisite not only for financial inclusion, but also for economic development and growth.
Voice-based authentication for financial inclusion
Suyash Rai of IFMR Finance Foundation interviews Umesh Sachdev, CEO, Uniphore Software Systems about the company and its role in providing voice as a medium of authentication when it comes to enabling financial inclusion.
Missing links in financial inclusion
Infrastructure facilities such as clearing houses, depositories, stock exchanges, and commodity exchanges are the backbone of any financial system.
Systems Design Choices for Financial Inclusion
The AP microfinance crisis has raised significant questions on the design of the financial system that best ensures inclusion. The crisis has revealed deep discomfort with the regulation of Non-Deposit taking Institutions (NDI). Some observers have equated NDIs to moneylenders.
Universalizing Complete Access to Finance: Key Conceptual Issues
In this paper, we present two stylized models of the financial system. We make the case that in order to realize the potential of a well-functioning complete financial market, financial system designers and financial service providers will need to think about ways to deliver financial propositions that are customized to individual households by responding to their unique circumstances.
