Independent Research and Policy Advocacy

Policy Initiatives

Financial Systems Design

A well-functioning and resilient financial system needs a good mix of institutions that collectively meet the financial intermediation needs of the country, be it individuals, households, businesses, sectors and local governments, while simultaneously enhancing the stability of the system as a whole.

Amulya Neelam Dvara

Amulya Neelam

Senior Research Associate

Deepti George Dvara

Deepti George

Deputy ED and Head of Strategy

Dwijaraj Bhattacharya

Dwijaraj Bhattacharya

Research Manager

Sowmini G Prasad Dvara

Sowmini G Prasad

Research Associate

Latest works

October 31, 2021 | Inc42

The RBI’s Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs mandates a Core Banking Solution (CBS) for all NBFCs with more than 10 branches

October 21, 2021 | Dvara Research

In this post, based on our earlier comments on the draft guidelines, we analyse whether the highlighted issues have been addressed and also highlight few other potentially impactful changes that are contained in the new framework.

By Madhu Srinivas
October 18, 2021 | Dvara Research

In this blog post, which is the second part of the two-part series, we studied the suitability formats of four life insurance companies and found many contrasts in the manner in which IRDAI’s suitability regulations of 2019 has been implemented.

By Deepti George, Anukriti Tiwari
October 13, 2021 | Dvara Research

This blog post, which is the first of a two-part series, aims to trace the history of IRDAI’s regulations regarding suitability assessments for life insurance.

By Deepti George, Anukriti Tiwari
October 4, 2021 | Dvara Research

In this post, to help enhance the efficacy of relevant frameworks, we lay out the key principles that the two primary actors, the banking sector regulator and the regulated lenders, must be guided by while designing policies to tackle debt distress caused by severe economic shocks.

September 29, 2021 | FinDev Gateway
September 9, 2021 | Dvara Research

In this blog post, we answer the first two questions. In the next post, we shall present a principle-based approach that the RBI may adopt, thus answering the third question of how the current regulations should be amended or augmented to enhance their efficacy.

August 25, 2021 | Dvara Research
By Madhu Srinivas, Deepti George
August 9, 2021 | Ideas For India

Impact of information disclosure on consumer behaviour: The case of high-risk bonds

By Niyati Agrawal, Misha Sharma, Madhu Srinivas, Monami Dasgupta, Monika Halan
August 4, 2021 | Dvara Research

Response to RBI’s Consultative Document on Regulation of Microfinance