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The big bank theory

The Indian banking system is saddled with non-performing and stressed assets, which currently constitute about a quarter of all assets. In this post, Maitreesh Ghatak argues that while there are valid...

A vision and action plan for financial sector development and reforms in India

In this article, Agarwal and Prasad present a summary of their new Brookings India report, which takes stock of financial sector development in India, identifies areas of improvement, outlines long-t...

Where is the cash?

In recent weeks, reports of currency shortages have emerged from several parts of the country. In this post, Nalini Gulati contends that the cash crunch appears to be temporary and is likely to be res...

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Public sector banks: The more things change, the more they stay the same

Banks Board Bureau has been set up to help the government appoint heads of public sector banks (PSBs) and to advise on important issues in banking. In this article, Gurbachan Singh asks basic question...

Land and financial misallocation in India

Optimising the allocation of factors of production – land, capital and labour - improves productivity. In India, where evidence suggests land is severely misallocated to inefficient manufacturing fi...

Access to credit and female labour supply in India

While microfinance is believed to have the potential to increase female labour force participation, short-term experimental evaluations of microfinance have not found significant economic benefits for...

Are small and medium enterprises constrained by the inability to raise funds from the equity markets? Evidence from the creation of a new platform in

Small and medium enterprises employ 40% of India’s workforce, and account for 45% of the manufacturing output and 40% of the total exports of the country. However, productivity in the sector is very...

How do disclosures affect financial choices? The case of life insurance in India

Given the importance of insurance, and the regulatory push towards improved disclosures

Socially disadvantaged groups and microfinance in India

The benefits of microfinance are in the details. This column takes a look at lending by commercial banks in India to self-help groups – smaller, informal community-based groups – as a new and succ...

The Indian banking system: A ticking time bomb

In response to RBI’s call to accelerate the recognition of stressed assets, publicly traded banks in India added nearly Rs. 1 trillion in bad loans in the quarter ending December 2015. In this arti...

Recapitalising public sector banks by disinvesting in RBI: Right and wrong

The Economic Survey 2015-16 put forth the argument that the Government of India could reduce its capital in the RBI from its current large level and use it to increase its capital in public sector ban...

Achieving financial inclusion: Going cashless

A World Bank survey reveals that while about half of all individuals in India had bank accounts in 2014, only 12% had made a cashless transaction in the past year. In this article, Bappaditya Mukhopa...

How doorstep banking increased savings and income in Sri Lanka

Recent findings in development economics indicate that microloans are likely to perform best when accompanied by financial education, insurance, and savings products. This column presents evidence fro...

Increasing economic divide within backward castes

While the high level of socioeconomic inequality between the forward and backward caste groups in India is well documented, there is little research on inequalities within the backward caste groups. T...

Financial inclusion for the poor: Using RCTs for effective programme design

While the Pradhan Mantri Jan Dhan Yojana – the Indian government’s flagship financial inclusion scheme - is impressive in its mission, it does not seem to have achieved meaningful results so far....

Recent Contributors

Ashna

Ashna Arora

Columbia University

Avinash

Avinash Dixit

Princeton University

Ritika

Ritika Mankar

Ambit Capital

Sarika

Sarika Gupta

Harvard University

Maitreesh

Maitreesh Ghatak

London School of Economics; IGC Bihar

Kumar

Kumar Das

International Growth Centre

Shivakumar

Shivakumar Jolad

Indian Institute of Technology Gandhinagar

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Most Popular Money & Finance Posts

Where is the cash?

In recent weeks, reports of currency shortages have emerged from several parts of the country. In this post, Nalini Gulati contends that the cash crunch appears to be temporary and is likely to be res...

The big bank theory

The Indian banking system is saddled with non-performing and stressed assets, which currently constitute about a quarter of all assets. In this post, Maitreesh Ghatak argues that while there are valid...

Does your cultural background affect your credit profile?

In many economies – both developed and developing – economic transactions tend to cluster by ethnic or social group. Using data from a large, state-owned bank in India, this article presents evide...