Why RBI’s liquidity pump hasn’t helped much

A deep dive into why the central bank hasn’t been able to get money into the right hands to revive growth, one of the most dicey economic problems today.

Meet Munish Sahgal. He is an ideal business owner for banks to lend to as his credit score remains intact despite the COVID-19 pandemic and he has no history of defaults. Yet, Sahgal had to chase his bankers, and tag CEOs in emails and tweets in order to get them to approve a new loan or provide him a moratorium on his loan repayments last year. 

Sahgal sits out of New Delhi and runs a fashion accessories business with a presence in over 600 malls in the country. While his top-line came crashing down last year in the wake of …


Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.