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Banking Regulation

C.P. Chandrasekhar, Jayati Ghosh
Tuesday 15 May, 2018
Neo-liberal banking reform was launched in the early 1990s to address the low profitability of the public banking system and the large presence of non-performing assets. It set itself the objectives of cleaning out NPAs, recapitalising the banks and modifying banking practices to restore profitability and drastically reduce NPA volumes. This did initially have some effect. However, while the NPA ratio fell between the early 1990s and the mid-2000s, it has risen sharply since then. Moreover, while earlier priority and non-priority loans contributed equally to total NPAs, more recently, large non-priority loans to the corporate sector account for the bulk of NPAs. An analysis of these features reveals that these trends are indicative of the failure of neo-liberal banking reform in India.
Y.V. Reddy
Friday 09 March, 2018
This includes the text of the KLN Prasad Memorial Lecture that was delivered by Y V Reddy at the Administrative Staff College of India, Hyderabad on 1st February 2018.
Andrew Cornford
Thursday 18 May, 2017
Banking reforms to regulate the financial sector have broadly remained inadequate. In the book reviewed, Shirreff proposes the legal separation of banking activities into three groups, a return to unlimited liability for partners in investment banks and caps on total remuneration as the radical and effective steps needed to stabilise the sector. He also favours scrapping of Basel I and II norms and the application of a financial transaction tax. The global applicability and acceptance of these proposals, however, remains uncertain.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 25 April, 2017
Despite the government’s efforts to digitise the Indian economy forcibly, non-cash forms of payment appear to have declined as more currency has been made available to the public. This points to major flaws in the government’s coercive approach and the underlying rationale for cashlessness.
Andrew Cornford
Wednesday 19 November, 2014
The author argues that the international reform agenda for financial regulation is fraught with several inconsistencies and weaknesses.
Andrew Cornford
Monday 21 July, 2014
Overview of current reform and proposals regarding bank structure and corporate form and bankers’ remuneration, with special references to Daniel Tarullo and David Shirreff.
Andrew Cornford
 
Monday 26 May, 2014
The Basel norms are being amended, as they have affected the supply and price of trade finance adversely, resulting in slowdown in growth of global trade.
Andrew Cornford
Wednesday 26 February, 2014
The new Basel committee document on banking supervision have been welcome by the banking sector, but severely criticised by the broader economic and political community.
C.P. Chandrasekhar
Tuesday 25 February, 2014
The Urjit Patel recommendations for RBI to pursue the single objective of inflation targeting via interest rate control follows textbook Neo Keynesian model that belie recent experiences.
C.P. Chandrasekhar
Friday 21 February, 2014
The new RBI Governor struggles to maintain stability in the face of the threat of a US tapering even as other countries face turmoil in the absence of control on capital flows.
 

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