Clips

Can micro finance institutions succeed in banking world?

Can RBI use the opportunity to issue new bank licences to make a big difference to the unbankable? None of the indian PSUs and private banks have cracked the bottom-up model but microfinance institutions (MFI) have.

http://www.moneycontrol.com/news/cnbc-tv18-comments/can-micro-finance-institutions-succeedbanking-world_834967.html

RBI orders performance audit of farm loan waiver

Considering the serious nature of the observations made by the Comptroller and Auditor General (CAG) on the gross misuse of the agricultural debt waiver and debt relief schemes, the Reserve Bank of India has asked all scheduled commercial banks and local area banks to undertake a complete verification of the list of beneficiaries with priority being given to areas where indebtedness was high.

http://www.thehindu.com/business/Economy/rbi-orders-performance-audit-of-farm-loan-waiver/article4482320.ece

New life cover norms notified

The Insurance Regulatory and Development Authority (Irda) has notified changes made to the guidelines on design of life insurance products in the gazette.

http://www.dnaindia.com/money/report_new-life-cover-norms-notified_1808280

Getting to Client-Centric Solutions: A Three-Part Strategy

When I was young, the word "camp" was synonymous with freedom and fun. These days are long gone. Today, the word conjures images of debate at best and of self-righteous positioning at worst. There seems to be a tendency in many fields for participants to divide themselves into opposing factions.

http://cfi-blog.org/2013/03/06/getting-to-client-centric-solutions-a-three-part-strategy/

A Reality Check on India's Fiscal Deficit

One set of figures largely ignored after the federal budget presentation last week was the Indian government's monthly accounts.

http://blogs.wsj.com/indiarealtime/2013/03/06/a-reality-check-on-indias-fiscal-deficit/