A brief comparison of Regulatory Requirements of Payments Banks, Small Finance Banks and Universal Banks
RBI recently released the operating guidelines for the Small Finance banks and Payments Banks on October 6, 2016. To take stock of these, we have put together a brief comparison of the regulatory requirements of these banks against those for universal banks.
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).
In Conversation with Kalpana Pandey, CEO, CRIF High Mark
In this blog post we feature a conversation between Bama Balakrishnan, CRO, IFMR Capital and Kalpana Pandey, CEO & Managing Director, CRIF High Mark. CRIF High Mark is one of the four credit bureaus that operates in the country.
Contrasting the Regulatory Landscape for Credit Bureaus in India, USA and Australia
In this post we have put together an infograph below that highlights some of the aspects pertaining to credit bureau regulatory landscape in India, USA and Australia.
How Do India’s Payments Banks Measure Against Key Principles for Financial Inclusion?
Payments banks are different from regular banks. They can only accept deposits up to Rs. 1 lakh per person, roughly $1500, and cannot grant loans. Furthermore, payments banks can only invest their money in safe government securities and other highly liquid assets. Their primary objective is to further financial inclusion by providing access to small savings, payments and remittance services to low-income customers without compromising financial stability.
A Comparison of Capital requirements for Microfinance and Housing Finance Institutions
In this post, we attempt to compare the regulatory landscape for NBFC-MFIs and Housing Finance Companies (HFC) within the broader context of the regulatory landscape for niche credit intermediaries.
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.
Notes from a Kenya trip
Last week, the leadership team of the IFMR Group had an opportunity to visit Kenya and among other things, it was a fantastic opportunity for us to get a sense of the trajectory of Kenya’s financial sector development relative to ours in India.
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.
