The Focus of the Ordinance: On 26th June, 2020, the Government of India promulgated the Banking Regulation (Amendment) Ordinance, 2020 to amend the Banking Regulation Act, 1949, which largely regulates the licensing, management and functioning of banks in India. The notification deems that the objective of the ordinance has been ‘to ensure better management &Continue reading “Banking Regulation (Amendment) Ordinance, 2020 – RBI’s Increasing Powers and Legislative Competence”
Category Archives: Uncategorized
COVID-19- Regulatory Response Tracker
It is a difficult task to write objectively about a crisis, particularly one that is continuing to spread, and is exposing the ugly strains of inequity around the world. As I write this, COVID-19 has claimed around 48,000 lives worldwide, with over 9,00,000 confirmed cases across 203 countries, areas, and territories[1]. COVID-19, like most otherContinue reading “COVID-19- Regulatory Response Tracker”
The History of Bank Mergers in India and the key takeaway
In September 1937, the TNQ Bank was constituted by the amalgamation of two other banks, the Travancore National Bank and the Quilon Bank. The merger was acclaimed locally as the ‘greatest banking amalgamation in South Indian history’. In April 1938, within six months of the amalgamation coming into effect, there was an unprecedented run on the bank.Continue reading “The History of Bank Mergers in India and the key takeaway”
The PMC Bank Debacle and the lessons to be learnt from the history of deposit insurance in India
In September this year, the RBI placed the Punjab and Maharashtra Co-operative Bank (PMC), a ‘multi-state scheduled urban co-operative bank’ operating in multiple states including Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh, under direction. The bank has been curbed from granting or renewing loans or advances, accepting deposits or disbursing payments without due approval,Continue reading “The PMC Bank Debacle and the lessons to be learnt from the history of deposit insurance in India”
Comments on Draft Social Security Code, 2019
This submission is drafted by Joyjayanti Chatterjee and Shohini Sengupta, in response to the draft Code on Social Security, 2019 (hereinafter “Draft Code”) prepared by the Government of India’s Ministry of Labour and Employment. Joyjayanti is a lawyer and public policy consultant based out of New Delhi, with a keen interest in financial regulation andContinue reading “Comments on Draft Social Security Code, 2019”
Reasons for starting the blog
What is this blog for To encourage more critical (public) writing, engage in independent interdisciplinary research, and provide support to evolving ideas of financial policy-making and jurisprudence. To provide a platform to those who want to engage in more rigorous public writing, and help create an archive of financial policy developments in India. To createContinue reading “Reasons for starting the blog”
Notes on Financial Regulation 