RBI’s “Consultative Document on Regulation of Micro-Finance” Part -2
RBI vide its June 14, 2021 press release has issued a 30 page “Consultative Document on Regulation of Microfinance” (henceforth “Document”) seeking comments from public at large.
RBI’s “Consultative Document on Regulation of Micro-Finance” Part 1
In the aftermath of Andhra Pradesh microfinance crisis, erupted in 2010, RBI appointed a committee under the chairmanship of Shri Y H Malegam to study issues and concerns of the Microfinance Sector. Non Banking...
Notes on RCEP
It would be politically naive to suggest that India should not join any international trade block. What is important is whether India is joining any such initiative with the position of strength and whether...
Proposed Mergers of PSU Banks: “Big” Banks Needed to Serve “Big” Corporates.
On August 30th 2019 Finance Minister Nirmala Sitharaman announced collapsing of 10 Public Sector Banks in 4 Banks. A lot has been said about what will be the impact of this decision on NPA...
Mainstreaming India’s Poor in Banking
My intent in this article is to flag off a set of relevant issues one will have to deal with while mainstreaming India’s poor in Banking. The article has five sections: (a) Providing a...
Finance Capital: The New “Demi-God”
‘God” is believed to have two strengths, viz., “he is omnipresent” and “he is the creator, reshaper and destroyer of everything around us”. “Finance Capital” is fast acquiring both these “strengths” Believers in “God”...