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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The National Financial Information Registry, announced in the Union Budget, is a rebranding of a proposal that’s been in the works for over five years.
Editor's note: In her budget speech last week, finance minister Nirmala Sitharaman announced that a National Financial Information Registry is being set up by the government in consultation with the Reserve Bank of India. The purpose of this registry is primarily to store “financial and ancillary information” that will “facilitate the efficient flow of credit, promote financial inclusion and foster financial stability”, she said. Here’s what we know so far: Economic affairs secretary Ajay Seth, in a post-budget interaction, told news service PTI that the NFIR would function as a public database, storing the credit history of borrowers to be made available to licensed lending institutions. Such a database, in theory, is expected to improve transparency in credit underwriting, improve credit flow, as well as reduce costs of availing loans for people with good credit profiles. This registry differs from the current model of credit scoring involving private credit bureaus such as TransUnion CIBIL in that it is also expected to store “ancillary information” beyond just the credit profile of borrowers. It is unclear what this will entail, but Seth indicated that …
The National Financial Information Registry, announced in the Union Budget, is a rebranding of a proposal that’s been in the works for over five years.
Editor's note: In her budget speech last week, finance minister Nirmala Sitharaman announced that a National Financial Information Registry is being set up by the government in consultation with the Reserve Bank of India. The purpose of this registry is primarily to store “financial and ancillary information” that will “facilitate the efficient flow of credit, promote financial inclusion and foster financial stability”, she said. Here’s what we know so far: Economic affairs secretary Ajay Seth, in a post-budget interaction, told news service PTI that the NFIR would function as a public database, storing the credit history of borrowers to be made available to licensed lending institutions. Such a database, in theory, is expected to improve transparency in credit underwriting, improve credit flow, as well as reduce costs of availing loans for people with good credit profiles. This registry differs from the current model of credit scoring involving private credit bureaus such as TransUnion CIBIL in that it is also expected to store “ancillary information” beyond just the credit profile of borrowers. It is unclear what this will entail, but Seth indicated that …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
