Is India’s Poverty & Illiteracy Driving Down Prudential Financial Decision?


Do you know that only 5% of an Indian household savings is in financial assets and unsecured debt constitutes more than 50% of the liabilities? These and many facts were highlighted by the report of a RBI appointed committee. For a comparison, consider the facts that China is at 9%,…

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The challenge for SBI: Penalty, Jan Dhan & NPA


SBI recently announced that it will start charging penalty for non-maintenance of minimum balance in liability accounts. Apparently the SBI Chief justified the same in her remark “minimum balance penalty required to offset Jan Dhan costs”! Our estimates points to nearly 4000 crore annual costs for SBI to maintain its Jan…

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Power of ‘JAM’ (JanDhan, Mobile, and Aadhar): Beyond Financial Inclusion! A Look at Health Inclusion Case


The current GOI focus seems to be centralized around key themes: Demonetization Digital Payments Corruption A lot of efforts have gone or is going in these 3 themes. RBI led demonetization engrossed the nation for 3-4 months with people literally sweating it out to manage the situation. This has been…

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UBI: Universal Basic Income; A Frugal understanding


The recent economic survey (FY1617) has brought in the social security concept for India, terming it as ‘Universal Basic Income’ (UBI). The Randomwalks team went through the same to bring out the key discussion points for ease of understanding the concept, the advantages, challenges & the road ahead as outlined…

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How ‘Cashless’ is our economy? Demonetization & Financial Inclusion


The nation is currently gripped under the ‘demonetization’ process. There are still lengthy lines at branch and ATM counters. Everyday GOI is coming up with some new rules either to restrict Jugaad (lowering exchange limit) or alleviate a few specific issues (higher limits given for weddings and agriculture). The enormity of the…

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