Our Blogs

The virtues of joint families

569 Shares
3,152 Views
21 Comments

While we see a reversal of a century-old trend in the US in favour of multiple generations under one roof, in India we see a rapid disintegration of the joint family system. Are we missing something here?....

Opening bank accounts will not lead to financial inclusion unless banks achieve better performance under priority sector lending

569 Shares
3,152 Views
21 Comments

50 million households with a bank account have close to 25 billion USD in outstanding debt to informal creditors - a huge opportunity lost to our banking system...


 
On November 8, Indian consumers were hit by a financial tsunami of sorts in the garb of demonetisation. The notable objective to clamp down on unaccounted cash, however, has given a liquidity jolt and initiated a massive currency crunch. Historically, demonetisation has been used only in extreme circumstances to control income, consumption and circulation of currency.