Comments to the Reserve Bank of India (RBI) on the Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators (the Discussion Paper) dated 17 September 2019
In this Response, we present our comments on the RBI’s Discussion Paper on the Guidelines for Payment Gateways (PG) and Payment Aggregators (PA) in response to the call for comments from stakeholders (Reserve Bank of India, 2019c). Our comments are organised into five broad themes…
Digital Payments in India: Reflections from the Union Budget, the RBI’s Payments Vision 2021 and the Nilekani Committee Report
Reflecting on central recommendations in the Nilekani Report and the Vision 21 Document along with the key aspects of the user journey for digital payments.
Our Observations on RBI’s June 2019 Financial Stability Report
On the June 2019 Financial Stability Report released by the Reserve Bank of India.
The RBI’s proposed Public Credit Registry and its implications for the credit reporting system in India
On RBI’s proposed Public Credit Registry and its implications.
Shining the light on mis-selling in Indian banking
Without focus by regulators on mis-sale, we put confidence of retail customers at risk
Top 5 Game changers for the Indian Financial System in 2018
Summarising the dominant trends from the year gone by.
RBI’s Financial Stability Reports – A Commentary on its Purpose and Contents
The Reserve Bank of India (RBI) has been publishing its bi-annual Financial Stability Reports (FSR) from May 2010. The FSRs provide extensive information about the way the RBI conducts its stress tests on the banking system; an aggregate sense of the results of such tests provide a measure of the overall resilience and stability of […]
Is it time to introduce wholesale banks in India?
NBFCs are particularly vulnerable to wholesale funding constraints in the form of high and volatile borrowing costs
A closer look at recent Payments Banks’ violations
A closer look at recent Payments Banks KYC and conduct violations.
Directed Credit: How can banks become more efficient at delivery?
The rationale stated by RBI was that this would level the playing field between foreign and domestic banks with regard to these targets, which it does indeed, albeit to the extent that in the short term, now foreign banks may also have to follow strategies similar to those of their domestic counterparts to build their loan books for these subcategories.
