Category: Banking and Finance
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Inflation in Canada and Its Future Prospects: An Overview”
Inflation is the general increase in the prices of goods and services over time. It affects the purchasing power of money and the cost of living. The main measure of inflation in Canada is the Consumer Price Index (CPI), which tracks the changes in the prices of a basket of…
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Understanding the Impact and Challenges of Bad Debts on India’s Banking System
Bad debts are loans that cannot be recovered from borrowers. They are a serious problem for the Indian banking system, which affects its profitability and credit growth. Bad debts have been accumulating over the years due to various reasons, such as: – Sluggish domestic growth and global financial crisis that…
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The Dynamic Impact of Interest Rate Increases on Different Sectors in India
Introduction: Interest rates serve as an essential tool for central banks to manage economic growth and control inflation. However, the recent trend of increasing interest rates globally, led by the US Federal Reserve, has sent ripples across various sectors in India. The Reserve Bank of India (RBI) has also opted…
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“The Decline of the Indian Stock Market: Understanding the Factors Behind the Recent Turmoil”
The Indian stock market has experienced a significant decline in recent months, primarily due to a combination of Indian and international reasons. The Reserve Bank of India (RBI) has raised interest rates multiple times in an attempt to combat inflation. While this may be beneficial for controlling inflation, it has…
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India’s Open Credit Enablement Network as a Model to Empower MSMEs in Emerging Economies | ORF
India’s micro, small, and medium enterprises (MSME) sector is a key driver of the country’s economic and social development by fostering entrepreneurship and generating substantial employment opportunities at comparatively lower capital costs. However, inadequate access to finance is one of the most crucial barriers to the sector’s growth. Recent developments…
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Empowering the Informal Sector: How Fintech and NBFCs are Reshaping Access to Credit in India
Introduction Fintech and non-banking financial companies (NBFCs) are playing an increasingly important role in providing financial services to the informal sector in India. The informal sector, consisting of micro, small, and medium-sized enterprises (MSMEs), as well as rural, unbanked, and informal sectors, faces challenges in accessing credit from traditional banks.…
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