Tag: Regulatory and Supervisory Frameworks

The Micro-insurance sector has been often in the news in the recent times. This is primarily because of IRDA’s recent recommendation towards an “everything product” approach for which the Life Insurance Council has been asked to prepare a blue-print.

NBFCs play a critical role in furthering the goal of financial inclusion. It is our view that in order to make access to financial services universal, while ensuring systemic stability, we need to build on the separate natural strengths of banks and NBFCs.

The Draft Micro Finance Institutions (Regulations and Development) Bill 2011 (the Bill) seeks to cover all entities engaged in ‘microfinance activities’ under a single regulator (the Reserve Bank of India) and prescribes various rules for such institutions.

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.

Recently, we flagged off our new blog series on financing options for non-bank originators with our first post that explored debt-funding options in some depth.

Recently, I had the opportunity to attend a discussion on International Financial Reporting Standards (IFRS)  which was attended by chartered accountants and key financial stakeholders.

Does the RBI’s claim to regulate NBFC (MFIs) have more merit than Federal state governments’ claims? An analysis of constitutional provisions by Vishnu Peri, IFMR Mezzanine Finance.

[The author is an independent columnist. This article is a reproduction of his column from The Telegraph]

Securitisation of assets by NBFCs came under regulatory purview with draft guidelines being put on the RBI website on June 3rd.