Prologue Why RBI's monetary policy fails to control inflation? Urjit Patel: reforms in monetary policy Rajan Reforms in Monetary policy Monetary Policy Trend 2013 Monetary Policy trend Jan 2014 onwards Why Rajan decreased SLR? Rajan Wisdom during press conference [...]
Prologue Banking sector in British India Birth of RBI Banking sector Post Independence Narsimhan Committee I (1991) Bank licences: 1st Round (1993) Narsimhan Committee II (1998) New Bank licences 2nd round (2001) New Bank licences 3rd Round (2013-14) Bandhan [...]
Prologue #2: @RBI fix accountability in monetary policy making Monetary Policy Committee MPC Decision by Majority MPC: Accountability for #EPICFails MPC: Summary #3: @Government give Cover fire to RBI #: MNREGA: #: MSP #: Fiscal Deficit #: Loan Waiver [...]
Prologue Monetary Policy reform: Where to focus? #1: Focus on Exchange rate #2: Focus on Multiple indicators #3: focus on inflation Nominal anchor (CPI) method: Benefits/Advantages of Nominal anchor (CPI) method: Drawbacks/Limitations/Anti-arguments Why Target inflation? Nominal vs Real interest [...]
Prologue What is monetary policy? Quantitative Tools #1: Reserve Ratios (SLR and CRR) #2: Open Market Operation (OMO) #3: Policy Rate Bank Rate Liquidity Adjustment facility (LAF) LAF Repo Rate Marginal Standing facility (MSF) Reverse repo Rate Repo Rate [...]
Prologue Bancassurance #1: Referral Model #2: Corporate Agent model #3: Broker Model Benefits of Broker model? Anti-Arguments: Broker Model Nachiket on Insurance Cross KYC Reforms in NBFC bancassurance models Allow NBFCs to take deposits NBFCs as mutual funds agents [...]
Prologue Securitization What happened in Sub-prime crisis? Shadow Banking Shadow Banks: Why bad? Shadow Banking in India? Should India be worried? Gold Loan Companies as Shadow Banks? RBI’s safeguards on Gold loan NBFC Wholesale Bank? Wholesale Investment Bank vs [...]
Prologue Accepting Deposits: Why Remove SLR? Why Priority sector lending? What if PSL target not met? Additional safeguards under PSL PSL target raised to 50% Base Rate Agri. interest subvention scheme Debt relief= bad habits PSL: Misc. Issues/recommendations Mock [...]
What is Financial Inclusion? We need financial Inclusion because Financial Inclusion: Steps taken so far Six Visions Statements Vision #1: UEBA Bank account for Adult Vision#2: Access Points for Banking/Payment Services Rural Branching Mandate White label Business Correspondence Agents [...]
What is White label-ATM? What's the difference between Brown label vs White label ATM? Stakeholder/Players in White label ATM game? Why do we need White Label ATM? How does White Label ATM help in financial inclusion? Facilities @White label [...]
Prologue Money: functions Primary functions of money #P1: As a medium of exchange #P2: As a measure of value Secondary Functions / Derivative functions #S1: As a store of value #S2: Transfer of Value / Purchasing Power Transfer of [...]
Prologue #5: Difficult to store Value #6: Savings don’t turn into investment What is Circular flow of income? #7: Account-keeping = mission impossible #8: Lack product specialization #9: Future contracts and deferred payments Time value of money Bitcoins and [...]
Prologue Bitcoins overview Barter system #1: Double coincidence of wants #2: Division of Labour #3: Divisibility of Value #4: Fungibility Bitcoin and Fungibility Mock Questions Prologue Original plan was to write on Bitcoins. But for Bitcoin related MCQs, group [...]