Comments on the RBI Draft Master Directions on Issuance and Operation of Prepaid Payment Instruments in India
The Reserve Bank of India (RBI) released the Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India (Draft Circular) on 20 March 2017.
Comments to the draft circular “Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions”
The Future of Finance Initiative (FFI) is housed within the IFMR Finance Foundation (IFF) and aims to promote policy and regulatory strategies that protect citizens accessing finance given the sweeping changes that are reshaping retail financial services in India. Our vision is for regulation and policy to develop to support universal access for all citizens to a range of channels through which they can transact securely and confidently.
Being ‘Sachet’ in Curbing Illegal Money Deposits
Taking a significant step towards curbing illegal collection of deposits by unauthorized and illegal entities, RBI recently set up a website named ‘Sachet’ (Alert).
Response to the Reserve Bank of India’s Consultation Paper on Peer To Peer Lending
Recently the Reserve Bank of India released a Consultation Paper on Peer to Peer Lending aimed at defining the contours of regulating Peer to Peer (P2P) Lending in India.
Comments on the Indian Banking Sector at the Stanford India Conference
I had an opportunity to participate in the excellent conference organised by the Stanford Centre for International Development (SCID) on Indian Economic Policy as a discussant for a presentation by Dr. Rakesh Mohan.
Assessing Suitability – What’s the future for financial providers’ legal duty of care?
In the previous blogpost we noted the gradual shift away from the buyer-beware standard in case law and policy regarding customers of financial products.
Top 5 Game changers for the Indian Financial System in 2015
In our final post of the year we put together the Top-5 game changers of 2015.
Stress Testing Credit Risk of Indian Banks
In the aftermath of the Global Financial Crisis, RBI took a major leap forward and set up a new Financial Stability Unit in 2009 specifically focusing on the measures to be taken for assessment and evaluation of financial system stability in the country
Ubiquitous Access to Payments – One (big) Step Forward
Yesterday, the RBI announced in-principle Payment Bank licenses for eleven applicants. To put things in perspective, there were two new bank licenses in the last decade.
Selection of Research Proposals for the NSE-IFF Financial Deepening and Household Finance Research Initiative
The NSE-IFF Financial Deepening and Household Finance Research Initiative is very pleased to announce its final set of proposals selected for funding in this round.
