The Silent Reshaping of India’s Credit Landscape

For finance to consistently grow as a proportion of GDP, either it is simply upping its take — which might be reasonable within bounds, but raises questions of adequate competition in the sector and of possible regulatory capture — or it is making more and more MBS-like time bombs. It is spinning off flows of toxic financial exposure, of whose valu

What remains of interpersonal, non-programmatic banking is likely to look very similar to the proscriptions of Islamic finance, with a dramatically reduced role for debt, and a focus on risk sharing rather than risk transfer.

Key takeaways ● The shift to the Entrepreneurial Age calls for a new breed of consumer finance, one that is focused on facilitating career shifts rather than buying physical assets like houses and cars on credit. ● We need to harness technology to provide better insurance against critical risks. With adequate regulations, the market has the potenti

In an environment of above-target inflation and persistent deficit spending, the aggregate investor allocation to equities is likely to remain well supported until activity turns. Putting these factors together, we think that the sustained outperformance of equities has likely reached its zenith, and a correction in these dynamics can come in one o