How Should the RBI Respond to the Microfinance Crisis?
Debt distress among microfinance borrowers is on the rise, sufficiently so that it may be characterised as a crisis for the sector. This is driven by factors across the supply- and demand-sides, as well as factors inherent in the nature of the credit cycle, where periodic booms and busts have been present throughout history. To address this, we propose two sets of recommendations for the regulator: a set of recommendations that can be initiated in the short-term and another set that can be initiated over the medium-term.
Submission by Dvara Research to the Ministry of Finance as part of Pre-Budget Consultation with the honorable Finance Minister Nirmala Sitharaman, Jan 2nd 2025
The Government of India called for pre-budget consultations in early January 2025. Dvara Research was one of the invitees, and we are once again grateful to policy makers for reposing trust in our work. In the past as well, Dvara Research has been a partner and advisor of choice for key policy-making bodies in the country.
Part-2: Features of Public Credit Registries: An International Comparison
In this post, we investigate the mandates of the PCR as set out by the respective regulations and legislative instruments, associated reporting standards, and the operational features, including revenue models, if any.
Part 1- Public Credit Registries: An International Comparison
In this post, we discussed the formulation of the Public Credit Registries.
A Principles-based Evaluation of Public MSME Credit Guarantee Schemes in India
In this policy brief, we evaluate the design and operation of the public credit guarantee schemes for MSMEs present in India, the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and the Credit Guarantee Fund for Micro Units (CGFMU), against the principles developed by the World Bank Group (WBG) and Financial Sect
De-Risking Lenders, Safeguarding Borrowers: A Case for Commodity Derivatives
In this post, we discuss the market & regulatory barriers that prevent most farmers, banks & NBFCs from participating in the commodity derivatives market
Pass-Through of Loan-Restructuring Information: Micro-Finance Loans and Credit Bureau Records
This post analyses the present regulations governing the restructuring of personal loans and their implications for the borrower’s credit score and her credit record
Can Lenders Also Sell Insurance and Investment Products?
Formal credit providers have increasingly gained prominence as a channel for distribution of non-credit products, such as insurance, investment and retirement products, to low-income households in India.
Improving Outcomes for the Financial System through Credit Rating Agencies – Part 2
Part two in our two-part blog series on Improving Outcomes for the Financial System through Credit Rating Agencies
Improving Outcomes for the Financial System through Credit Rating Agencies – Part 1
Part one in our two-part blog series on Improving Outcomes for the Financial System through Credit Rating Agencies
