Regulatory & Supervisory Design

How can this important Scheme accelerate access to credit for non-corporate and informal enterprises of India’s economy?

Submission to the Ministry of Finance as part of Pre-Budget Consultation with the honorable Finance Minister Nirmala Sitharaman, Jan 2nd 2025

Activities of the Special Committee on Financial Issues, Civil20, during the India Presidency 2023 of the G20

Reflects views of the Civil 20, compiled by Deepti George in her capacity as Convenor of the Special Committee on Financial Issues, Civil20, during the India Presidency 2023 of the G20

To analyse the design of the National Asset Reconstruction Company against stated Government objectives, and comparing its design to similar others

How can pricing and allocation of credit by banks be improved to serve India’s needs?

Analysing India’s CGTMSE and CGFMU against principles developed by the World Bank Group and the Financial Sector Reform and Strengthening (FIRST) Initiative for Public Credit Guarantee Schemes for MSMEs

To analyse schemes announced by Government of India for banks & NBFCs in the wake of the Covid crisis

Leveling the playing field for NBFCs and their borrowers to access support via their lending banks in the wake of the Covid pandemic

Market-based mechanism for safeguarding the interests of retail borrowers who may find their debt burden too much to bear following unforeseen risk events

Making the case for such an identifier to accelerate access to government support and credit for MSMEs

To shift from entity-level targets and to move towards incentivised credit deployment in underserved regions of India

To shift from entity-level targets and to move towards incentivised credit deployment in underserved regions of India

Co-authored article in Special Edition of Foreign Affairs: The Innovative Finance Revolution: Private Capital for the Public Good

Discusses select recommendations of the Committee, some of which were acepted by policymakers

Commentary follows the publication of the report of Financial Sector Legislative Reforms Commission, 2013. We conducted per-review of its chapter on consumer protection prior to release

To lay out pathways to strengthen rural lending from a cost,risk, and effectiveness perspective, for India

To analyse the Niti Aayog Discussion Paper’s arguments for a digital bank license from a first-principles lens

Presenting a banking model that can balance objectives of credit inclusion with greater financial depth and financial stability for India

To analyse the design considerations for such entities in the RBI Discussion Paper against a similar construct laid out in the Mor Committee Report

Discussing the trade-offs between large and small banking models for serving India

Presents new thinking on protections for retail consumers in the backdrop of rapid technological changes and the blurring of regulatory lines governing products

Evaluating the provisions of the draft Act against its intent and the protections it offers to borrowers

To present comments on both these documents including on overlapping themes, against intended regulatory outcomes

To consider the effectiveness of the micro prudential and consumer protection recommendations of the WG, including the ban on loss given guarantees (LDG)

Since NBFCs are not money-creators like banks, what regulatory, supervisory and resolution frameworks must be considered to ensure they fulfil their unique role in India’s credit ecosystem?

What are the risks in the rapidly growing unregulated crypto assets space and how might they be monitored and regulated?

As part of writing secretariat to SEBI’s Working Group on the social stock exchange (A WG set up to meet funding needs of social enterprises and NGOs) (Chair: Ishaat Hussain)

To assess the RBI’s Draft Framework against the public policy objectives it is required to meet