In the last decade, the banks and non-banks in the country’s lending space have been gradually graduating into digital mode for various lending activities. It started with the FinTech companies launching various personal loan products on their dedicated portals. With the advent of greater bandwidt...
The American recession seems to have a ten-year cyclic return. With the 2007 – 09 meltdown and the 2019-20 pandemic induced heart break, the impact was severe. In comparison, the recession, as being forecasted to crawl in between 2022 and 2024, “certainly be milder and more pedestrian”, ...
In my article “Headwinds on Digital Currency”, published in “Business Economics” back in October 2021, I wrote about the RBI’s thought process on the creation of the Central Bank Digital Currency (CBDC), India’s own “E Rupee” (having the symbol “e`”). Almost a year after, the RBI...
The Reserve Bank of India has come out with two pronouncements recently on digital lending guidelines and outsourcing of recovery agents by regulated entities (read financial lenders) to ensure orderly growth and protect borrowers in this space. The digital loan product is a creation of mobile and w...
The digital payment infrastructure in India has leapfrogged to a stupendous height. It all began in the 1990s whenReserve Bank of India (RBI) spearheaded the development of technological infrastructure that facilitated the creation of a payment and settlement ecosystem. In 2007, the Indian parliamen...
The Reserve Bank opened its year ’22 calendar with a rather sanguine outlook. In terms of challenges of upwardly moving inflation rate since October 2021, post Covid reigning of excess liquidity in the system had found place in its agenda. It all started in the February of 2019 when the firs...
Internet based technology has turned out to be an agent of disruption which brought in overwhelming changes across economy, society and industry. New business models have been created through application of GPS, AI, IOT, Blockchain, which has not only created enormous wealth and value by disrupting ...
At the outset, I confess my temptation to borrow the title from the song of The Police, a pop band of late ‘70s.Are we over documented in today’s world ? I ask this question to myself whenever I fill up a form for say, opening a bank or a demat account or for that matter willing...
Indian banking sector is at a crossroad. And as crossroads are always fraught with the risk of a misjudgement of the oncoming traffic, it needs to be careful.Lets walk a year back and revisit the start of pandemic closure in March 2020. As the country went for a total lockdown on the fourth we...
Budget 2022 was presented by the Union Finance Minister Nirmala Sitharaman on the first day of February. It came not only at a difficult time but also with a trepidation about the likely effect of the policy changes that it might be impregnated with. The budget was placed in the backdrop of a ...
