Top 5 Game changers for the Indian financial system in 2013
Our picks:
1)Appointment of Dr. Raghuram Rajan – In September Dr. Rajan took over as the 23rd governor of the Reserve Bank of India. If his opening speech is any indicator, his appointment could be one of the most important milestones for the Indian financial system.
What are your views on Making Payments Ubiquitous?
Making access to formal payments infrastructure universal is a key component of the overall vision of financial inclusion and the RBI vision document on payments correctly aims towards an economy that is eventually entirely cash less.
Reserve Bank of India revisits ‘Small and Local’
The Reserve Bank of India has published on its website, a discussion paper on Banking Structure in India – The Way Forward which covers the following aspects:
Response to RBI’s discussion paper on Deregulation of Savings Bank Deposit Rate
We think that the Indian economy is ripe for deregulation of savings rate. The recent monetary
policy released by the RBI highlights that the Indian economy may experience a slow growth over
this year, given an inflation focused tightening of the monetary policy.
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]
RBI Draft Guidelines on Securitisation: Balancing growth and stability
Securitisation of assets by NBFCs came under regulatory purview with draft guidelines being put on the RBI website on June 3rd.
Blue Print for Commercial Banks to Deepen Financial Access
IFMR Finance Foundation has come out with a comprehensive manual with a detailed blueprint for commercial banks to deepen financial access in a viable manner using the Business Correspondents (BC) and Business Facilitators (BF).
Basic economic freedom: why can’t we get it done?
India has a concentrated banking system, which means that if five individuals decide that this needs to be done, it will be done.
