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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Consumer Confidence on Digital Payments On The Rise


We had analyzed the Feb-17 electronic payment data from RBI and shared a report which opined ‘dream of tectonic shift of India to a cashless society looks less convincing’. We repeated the analysis based on Mar-17 data and we believe there is a need to recalibrate our thoughts. Overall we believe…

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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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