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Money & Finance

Stability at the cost of growth? Rethinking liquidity rules in India’s banking sector

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How Atal Pension Yojana is helping Indians save for retirement

Government of India’s contributory pension scheme, Atal Pension Yojana, encourages citizens to save for retirement. This study finds that APY not only provides a basic pension, but also promotes bro...

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The State within India’s corporate bond market

The value of gross issuances in India’s corporate bond market has grown by 150% over the past decade. In this post, Harsh Vardhan contends that while the market has become bigger, reforms are needed...

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Finance for small-firm growth: Towards flexibility and innovation

While microfinance contract innovations like repayment grace periods help small-firm owners, they can increase default rates for microfinance institutions. Based on field experiments in Pakistan and K...

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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...

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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...

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Public bank privatisation: No panacea for the ills of the banking sector

The recent Punjab National Bank fraud has rekindled the debate on bank privatisation, often considered a solution for the poor management in public sector banks. In this article, Sengupta and Roy cont...

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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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Informal Insurance under Group Lending with Individual Liability

This study aims to provide empirical support to the hypothesis that informal insurance plays an important role in the context of group lending under individual liability, and to evaluate the impact of...

  • IGC Research on India

A study on the impact of financial market reforms on investment, financing and governance structures of the publicly traded firms in India

This project empirically studies financial benefits of equity market integration at the firm level in emerging economies. It explores the unique setting of public firms cross-listing on a new domestic...

  • IGC Research on India

Repayment flexibility, contract choice, and investment decisions among Indian microfinance borrowers

Borrowers’ difficulties to comply with repayment obligations, for entrepreneurial and consumption motives, have pushed several microfinance institutions to introduce some degree of flexibility durin...

  • IGC Research on India

Understanding the recent ordinance amending the Insolvency and Bankruptcy Code

The Insolvency and Bankruptcy Code, 2016 (IBC) is a landmark reform for India. One year after the notification of the law, an Ordinance to amend IBC has been promulgated, which bars several categories...

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Huge bank losses, frauds, and economic risks

Banks have incurred humongous losses in India. The public authorities have taken corrective measures primarily in the form of strengthening laws, audits, and the enforcement processes. In this articl...

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Have policy initiatives in emerging Asian economies improved firms' access to external finance?

Since the 1997-98 Asian financial crisis, policymakers in Asia have initiated a series of reforms aimed at developing and strengthening the regional financial markets. This column provides new evidenc...

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Do exchange listings help ease financial constraints of SMEs?

Small and medium enterprises (SMEs) are viewed as an engine of economic growth and source of job creation. In an attempt to ease their financial constraints, India and some other countries, have exper...

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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...

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Sunil Mani

CDS and Ahmedabad University

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Nirupama Kulkarni

CAFRAL

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Yogeshwar Bharat

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Subhadeep Halder

Indian Statistical Institute, Delhi

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Sameedh Sharma

King's College London

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FLAME University

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Most Popular Money & Finance Posts

India’s insurance sector: Challenges and opportunities

While India’s insurance sector has been growing dynamically in recent years, its share in the global insurance market remains abysmally low. This article traces the journey of the Indian insurance s...

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Financial inclusion in India: Progress and prospects

Financial inclusion is globally considered as a critical indicator of development and well-being of society. In this post, Srinivasa Rao traces the financial inclusion journey in India so far, and dis...

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RBI’s costly experiments with the currency

During 2023-2024, the average annual volatility of the rupee-dollar exchange rate was 1.8% – the lowest in over two decades. In this post, Patnaik, Pandey and Sengupta explain why sudden and sharp l...

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