Sunit Arora gives a run-down of how India’s pilot of a central bank digital currency is faring and what this might mean for the development of payment services on the sub-continent On December 27, 2023, India’s central bank digital currency (CBDC) crossed 1 million daily transactions. That’s not many in a country of 1.4bn people, […]
Sunit Arora outlines why Indian banks are having problems with employee retention and suggests some solutions. Traditionally, a job in banking ranks among the most coveted in India, but something has drastically changed in the post-Covid era. Attrition rates for employees in India’s private banks have gone through the roof. Dealing with high attrition is […]
India is a nation of small enterprises with big problems. An overwhelming number of them are unregistered, operating out of homes or small units. Banks are typically cautious to lend to such firms, as these are considered high risk and expensive to service. Large creditors place small firms at the end of the payments chain, […]
Sunit Arora explains why the debate on non-performing bank assets is so highly charged and needs to lead to practical changes in the banking system. A circular by the Reserve Bank of India (RBI) in July has sparked an important debate in India on the strength of bank balance-sheets and on their risk management practices. […]
Sunit Arora examines what the latest round of demonetisation in India means for digital payments and trust in the currency. “We don’t accept the ₹2,000 note”. Printouts with these words have been spotted near checkout counters in a few restaurants, shops and establishments in smaller cities and towns in India after the Reserve Bank of […]
Sunit Arora looks at the urgency of a green transition for India, at what the Reserve Bank of India is planning to do and what this will mean for banks and for the development of a green economy The most closely-watched annual prediction in India is the Indian Meteorological Department’s (IMD) forecast for the crucial […]
Sunit Arora examines the debate in India on how best to pay for the unified payments interface and the financial innovations it promises to bring. It’s no secret that digital payments via smartphones have transformed personal and commercial transactions in urban and semi-urban India over the past couple of years. Quick-response codes have proliferated. A […]
The Reserve Bank of India is watching carefully over a well-capitalised banking system, but there are challenges ahead for India’s banks, says Sunit Arora At a time when the financial world is nervously looking at the potential fallout from a rash of bank failures in the United States and the hasty merger of Switzerland’s troubled […]
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