The case for a unique business identifier for Indian MSMEs
Solving the identity problem is necessary to enable a shift away from a survival mindset and towards a growth mindset
Better financial inclusion: create an enabling environment for the underserved to save, borrow and invest
The new regime must be one that can hold all entities to a common standard of institutional conduct in how they deal with the individual customer, including how they sell products.
Differentiation in banking models is a must to drive competition
Several studies have found that the Indian banking sector, while having a large number of players, has monopolistic competition.
Banks must transmit rates for fruitful financial inclusion
Banks not passing on rate cuts points to a lack of intensity in price competition and calls for increasing the number of lenders
