Raghu Mohan has been a journalist since 1993, with a distinguished career spanning over three decades. His past experiences include notable stints at The Financial Express, Business India, and Businessworld. He specialises in banking and finance, with a particular emphasis on the regulatory aspects of these fields. In addition to his reporting expertise, he has also successfully managed special projects and events for the publications he has worked with, showcasing his versatility and skill as a journalist.
Raghu Mohan has been a journalist since 1993, with a distinguished career spanning over three decades. His past experiences include notable stints at The Financial Express, Business India, and Businessworld. He specialises in banking and finance, with a particular emphasis on the regulatory aspects of these fields. In addition to his reporting expertise, he has also successfully managed special projects and events for the publications he has worked with, showcasing his versatility and skill as a journalist.
Business correspondents have helped deepen banking penetration in the nearly two decades they have been around. Can they play a role on the field for MFIs?
Self-regulatory organisation status for business correspondents will improve governance, bring in investments
This will be 2nd meeting of its kind
Lender to issue proposal in 45 days, had 63,580 such machines in FY24
Central bank called for industry to have forex correspondents but there has been no progress
The focus is on unsecured retail lending by shadow banks, according to experts
Loans are repaid within 24 hours and seek to bolster financial inclusion at the bottom of the pyramid
Model is critical for financial inclusion but commissions have not been revised 'in a decade'
Indians are flocking to invest in stocks, putting pressure on banks which need to strike a balance between deposits and loans
FACE's membership may expand to 180 from 80 as it diversifies and becomes more inclusive
The business correspondent channel for financial inclusion is calling for a pay raise, investments and an end to penalties
Purpose is also to check if interest rates being charged are in line with far practices code
Lenders have reduced exposure to those studying in Canada to 15 per cent in FY24
Commercial banks to be stakeholders in NPCI-like body
Moving pieces need to be synchronised for Unified Lending Interface to work
RBI likely to allow access to both legacy, fintech NBFCs
We don't set up physical branches, and this allows us to reach more locations compared to the larger banks and NBFCs, he says
The Financial Stability Report of June 2024 has it that delinquency levels among borrowers with personal loans below Rs 50,000 remain high
To also appoint a nodal officer to attend to customer grievances and engage with law-enforcement agencies to prevent fraud
The idea of SRO is not to make it more regulatory but it's more decentralisation from the regulator to allow a larger sense of how a particular product in the industry should develop, he says