अधोसंरचना विकास के नाम पर कर्ज का दर्द
वर्ष 2005 में नगर निगम जबलपुर ने शहर में सीवर लाइन व नाला निर्माण वाटर ड्रेनेज योजना के नाम पर एशियन डेवलपमेंट बैंक से 196 करोड़ का कर्ज लिया था।न तो सीवर लाइन का...
RBI Attack on Small Borrowers – New RBI Governor Should Act
The Reserve Bank of India issued a circular on 30th September 2024 titled, “Gold Loans – Irregular Practices Observed in Grant of Loans Against Pledge of Gold Ornaments and Jewellery.” The instructions are for all banks and...
BULA to Kill Self Help Movement
The Government of India, Ministry of Finance, vide their Letter No: F.No.7/93/2024-BOA-I dated 13.12.2024 under the subject: Stakeholder Consultation on Draft Bill to Curb Unregulated Lending Activities – reg., has asked states, ministries, RBI,...
Rising debt, falling savings, liquidity crunch, and the struggle for stable growth | Finance Matters, 21 February 2025 | Editorial
India’s economy is facing a mix of opportunities and challenges.
The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’
There is a euphoria around the “tax bonanza” offered to the middle classes in this year’s Budget. The proposal of no tax for those with annual income up to Rs 12 lakh has been...
The Dangers of Neo-Banking, Fintechs, and the Inactiveness of the RBI
I remitted some money using GPay recently. There were many people with the same name, and erroneously the money went to the wrong account of one Arjunan. When the actual Arjunan to whom the...
The Magic of Falling NPAs! | Finance Matters | 13 December 2024 | Editorial
A recent investigation by The Indian Express revealed that over 43% of the total non-performing assets (NPA) till March 2019, or Rs. 4.02 lakh crore, was accounted for by just 100 companies. According to...
EMIs on loans for destroyed homes in Wayanad? Landslide of inequality: The cost of banking priorities
The Mepadi landslide in Wayanad, Kerala, July 30, 2024, is one of the largest in the country, in terms of debris flow of nearly six million cubic meters—enough to fill 2,400 Olympic-sized swimming pools....
Note the hypocrisy
The Hindenburg report had accused the Adani Group of using shell companies in Mauritius for laundering money. But the Indian government staunchly defended the corporate giant. The Financial Action Task Force, a Paris-based global...
To undo the deadly noose of loan apps, RBI’s occasional warnings won’t do
A new ecosystem based on loan apps has mushroomed across India’s financial landscape over a decade, preying on those abandoned by the formal banking sector. The Reserve Bank of India (RBI) recently imposed a...
Why RBI’s financial governance should address social and environmental concerns
The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.
Response to the Reserve Bank of India’s Draft Prudential Framework for Project Finance
“Civil society organisations urge RBI to incorporate environmental, climate and social considerations in the project finance framework!”
Climate accountability: Disclose more, put checks before financing mega projects
In a globalised context, insufficient disclosure of climate risks may diminish a bank’s attractiveness to international investors.
Centre for Financial Accountability urges RBI to broaden scope of climate-related financial risk framework
The CFA emphasised the critical need to empower shareholders, customers, and the general public with comprehensive information on the climate crisis's impact on FI investments.
CFA bats for enhanced climate accountability measures in RBI’s draft norms
Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements.
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