Who should govern NBFCs?
Does the RBI’s claim to regulate NBFC (MFIs) have more merit than Federal state governments’ claims? An analysis of constitutional provisions by Vishnu Peri, IFMR Mezzanine Finance.
Where is the Ponzi scheme?
We have recently read comments on various blogs which suggest that MFIs are comparable to Ponzi schemes. These bloggers suggest that once new MFI loan disbursements slow down, borrowers will not be able to make the payments on their old loans.
MFIs, markets need each other
The goal of an investment professional is to maximise the risk-adjusted return on the overall portfolio through diversification within and across asset classes.
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.
