The fixed-income securities market is a major source of capital formation and financing of economic activities. Besides, it is a dominant source of funding for sovereigns, and investments by market participants in the government securities (G-Sec) market. G-Sec markets also provide a proxy of...

The Covid-19 pandemic which started in early 2020 negatively impacted the socioeconomic environment due to the widespread incidence of the disease and lockdowns that were necessitated to contain its spread. The pandemic has lasted for more than two years with multiple peaks and troughs having an...

Primary (Urban) Cooperative Banks (UCBs) in India operate under the provisions of the Banking Regulation Act of 1949 – As Applicable to Cooperative Societies (AACS). Considering the large heterogeneity in asset sizes of UCBs and the absence of any regulatory cap on their leverages, the...

This paper provides a practitioner’s perspective on the compliance deficiencies in banks, which are found deep-rooted in the cultural deficit and ethical vacuum. It dives into the behavioural dimensions and suggests ways to strengthen the efficacy of compliance through leadership, ethics,...

The author identifies key elements of governance, and the potential reasons for failures and highlights that the structure of boards, thrust on the adoption of best practices, and regulatory guidelines are necessary but not sufficient to ensure failsafe governance standards. The author...

Primary Cooperative Banks, popularly known as Urban Cooperative Banks (UCBs), are increasingly becoming marginal players in the Indian financial system as their clientele share is increasingly being taken away by other banks. Despite their localised presence in large numbers and an important...

Climate change poses perhaps the most catastrophic and less understood risk to the biophysical safety of people, functioning of the financial system and the real economy, across the globe. While there is an increasing consensus on the need to contain the climate risk, it is not very...

Given the in-built risks relating to leverage, liquidity, and fiduciary liability in banking, apartfrom tightly regulating the banks, many the jurisdictions have also put in place depositguarantee schemes for bank customers. However, a deposit guarantee scheme provides a restricted coverage, and...

Quality and efficiency of credit appraisal play a key role in the overall credit risk management framework of banks by addressing the troika of adverse selection, exposure risk, and default risk. Traditional approaches for credit appraisal primarily use techniques of financial statement analysis...

Co-operatives are successful business organisations all over the world and have a presence in almost all spheres of economic activities, including banking and financial services. The success of co-operatives shows that it is possible to simultaneously pursue both economic viability and social...