Are tighter norms for personal loans justified?

In November last year, the Reserve Bank of India (RBI) tightened the norms related to unsecured loan portfolios of banks and non-banking financial companies, citing abnormally high credit growth in these loan categories. This co-authored opinion article published in the Hindu Business Line argues that the RBI would have done better by adopting a more calibrated approach by targeting those loan categories that are prone to high risk instead of a one-size-fits-all perspective.

The Reserve Bank of India’s Trilemma Choice: A Tale of Five Governors

The Reserve Bank of India (RBI) has to choose between the three corners of the impossible trinity consisting of free capital flows, independent monetary policy and a fixed exchange rate. This co-authored research study published in the Economic & Political Weekly uses the Aizenman et al (2008) framework to analyse the trilemma choices of the RBI during the tenure of five governors over 2000–22.

Decoding RBI's Monetary Policy As It Keeps Repo Rates & Inflation Projection Unchaged

Budget pre-empts monetary policy

RBI Monetary Policy Meeting Highlights, RBI MPC Meeting February 2024 News & Key Highlights: The Reserve Bank of India’s Monetary Policy Committee has decided to keep the policy repo rate unchanged at 6.5%. The six-member committee voted by 5:1 majority to keep the repo rate unchanged in its last meeting of FY24 as retail inflation continues to be above its target of 4%. This is the sixth meeting on the trot that the MPC has maintained a status quo on the repo rate (the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches).

15 Yrs Of The Global Financial Crisis & 10 Yrs Of The Taper Tantrum : Lessons For India & The World

Fisc issues Amid Good Budget

There is no ideal time for fiscal consolidation. Euro Area’s steps tell us about their readiness for Covid-kind black swans

Fiscal prudence, key to stability

Open economy challenges may haunt policies ahead as spillovers intensify