Nabard’s Linking Banks and Self-Help Groups: with an outreach to 500,000 SHGs and a population of 40m rural poor, it is the largest non-directed microsavings & microcredit programme in the developing world.Is it a commercial proposition for the 17,000 participating bank branches, and...

A review of the progress and impact of the overall strategy for scaling up the SHG Bank Linkage Programme over the last decade. [Paper presented at the Seminar on SHG-bank Linkage Programme at New Delhi on 25th and 26th November 2002]

This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...

The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt crisis of 2010-11. During the worst of the recent financial crisis/Great Recession many observers made comparisons between that event and the Great Depression. The lecture...

Successive finance ministers have been calling the public sector banks “to brace for a wave of consolidation†to become global players. However, calling for world-beaters does not produce them; visionary and consistent policy does.

This paper attempts to examine technical efficiency and productivity performance of Indian scheduled commercial banks, for the period 1979-2008. A model is constructed using multiple output/multiple input technology production frontier using semiparametric estimation methods. The endogenity of...