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Do we need a new Development Financial Institution? (from a historical lens)

Summary:
My new article in Moneycontrol. I look at the history of DFIs in India. Interestingly, law-wise there is no term as DFIs. The Indian Companies Act calls them as Public Financial Institutions and RBI defines Financial Institutions not DFI. With these basics, the piece looks at the different kinds of DFIs in India and how they have stacked up over the years. So do we need a new DFI? My answer is no. Read the piece for details. This entry was posted on January 19, 2021 at 11:38 am and is filed under Indian Economy/Financial Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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My new article in Moneycontrol.

I look at the history of DFIs in India. Interestingly, law-wise there is no term as DFIs. The Indian Companies Act calls them as Public Financial Institutions and RBI defines Financial Institutions not DFI. With these basics, the piece looks at the different kinds of DFIs in India and how they have stacked up over the years.

So do we need a new DFI? My answer is no. Read the piece for details.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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