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Adaptation strategies, Agricultural losses, Climate change impacts, Climate resilience, Environmental degradation, Health risks, Housing instability, Poverty and climate, Sustainable livelihoods, Vulnerable communities

Impact of climate change on the lives and livelihoods of the poor

Climate change is not just an environmental issue — it's a humanitarian crisis that disproportionately affects the world's poor. As global temperatures rise, the adverse impacts on agricultu...

Consent, Cybersecurity measures, Data accuracy, Data minimisation, Data Principal, Data subject, Digital Personal Data Protection Act, Lawful use, Purpose limitation, Robust data protection laws, Stewardship of personal data, Storage limitation, Transparent use

Understanding Salient Principles of India's Digital Personal Data Protection Act

The digital era is marked by the continuous exchange of personal data, necessitating robust data protection laws. India's recent Digital Personal Data Protection Act is a landmark piece of legisla...

Account Aggregator (AA) system, Consent-based data sharing, Consumer empowerment, Creditworthiness, Data privacy, Digital financial transactions, Financial ecosystem, Financial inclusion, Interoperable framework, Operational Account Aggregators, Personal data control, Reserve Bank of India (RBI), Scalability

India's Account Aggregator Network: A Step Towards Simplified Financial Data Sharing

The Account Aggregator (AA) system in India represents a significant step towards enhancing financial inclusion and streamlining the process of sharing financial data among institutions with the conse...

Microfinance frauds, Individual staff scams, Top-level collusion, Stakeholder impact, Industry reputation, Fraud detection, Microfinance industry, Financial fraud, Auditing methodologies, Client verification

Anatomy of Microfinance Frauds and Auditors’ bias - Frauds and the standard MO

Frauds are an area of concern for the MFIs and also for the microfinance industry. Depending on the scale of the fraud, it impacts various stakeholders. Most frauds are perpetrated either by an indivi...

Baseline Studies: The Foundation of Measuring Developmental Impact

Baseline Studies: The Foundation of Measuring Developmental Impact

In the realm of developmental interventions, measuring impact is not just a matter of assessing end results. It's about understanding the journey from inception to completion and the changes that ...

Consumer protection, Enhanced Consumer Awareness, The Role of the Banking Ombudsman in Consumer Protection, Current Contributions, Challenges and Limitations, Recommendations for Enhancing Effectiveness

Enhancing Consumer Protection through the Banking Ombudsman Scheme: Current Contributions and Future Directions

The Banking Ombudsman Scheme, established by the Reserve Bank of India (RBI), is a critical mechanism for resolving customer complaints against banks. This paper aims to delve into how the scheme cont...

Enhancing the Effectiveness of RBI's Customer Rights Charter, Enhanced Consumer Awareness, Stricter Enforcement Mechanisms, Empowering Consumer Redressal Forums, Inclusive Design of Financial Products, Regular Review and Update of the Charter, Collaboration Between Stakeholders

Enhancing the Effectiveness of RBI's Customer Rights Charter

The Reserve Bank of India's (RBI) Charter of Customer Rights marks a significant step towards protecting consumers in the Indian financial sector. However, while the charter lays a solid foundatio...

Charter of Customer Rights, Consumer empowerment, Digital banking, Ethical treatment of consumers, Financial consumer protection, Financial inclusion, Grievance Redress and Compensation, Reserve Bank of India (RBI), Right to Fair Treatment, Right to Privacy, Right to Suitability, Right to Transparency, Transparency in financial relationships

A Guide to Consumer Empowerment: The Role of RBI's Charter of Customer Rights

The Reserve Bank of India (RBI) plays a pivotal role in safeguarding consumer interests in the banking and financial services sector. The RBI's Charter of Customer Rights stands as a testament to ...

The Dawn of a New Era in Fintech: How RBI's SRO Regulations Foster Transparency and Consumer Protection

In a significant move for the fintech sector, the Reserve Bank of India (RBI) has recently unveiled draft norms for self-regulatory organisations (SRO-FTs), heralding a new chapter in governance of fi...

Collaborative Environment, Draft Norms, Fintech Sector, Fintech Self Regulatory Organisation (SRO-FT), Forward-looking Fintech Ecosystem, Infrastructure, Innovation, Membership Eligibility, Not-for-profit Entities, Regulatory Authority, Regulatory Compliance, Regulatory Framework, Reserve Bank of India (RBI), Responsible Fintech Environment, Self-Regulatory Organizations (SROs), Stakeholder Engagement, Sustainable Growth, Transparency and Accountability, User Harm

RBI's Vision for Self-Regulatory Organizations in Fintech: A New Era of Governance

In a significant move, the Reserve Bank of India (RBI) released its draft norms on January 15, outlining a visionary framework for Self-Regulatory Organizations (SROs) in the rapidly evolving fintech ...

Harmonization of regulatory provisions for Housing Finance Companies and Non Banking Finance Companies

In a significant step towards regulatory harmonization, the Reserve Bank of India (RBI) announced a draft circular on January 15, aiming to align the regulations of Housing Finance Companies (HFCs) w...

BorrowerBeware, BorrowResponsibly, CombatFraud, ConsumerProtection, CreditScoreImpact, DeceptiveAds, FinanceAlert, FinancialHealth, FinancialStability, FinancialVigilance, FraudPrevention, LegalRisks, LoanRepaymentDiscipline, LoanWaiverScams, MicrofinanceChallenges, MicrofinanceRisk, RBIAdvisory, RBIWarning, StayInformed, TrustInMicrofinance

Beware of Misleading Loan Waiver Campaigns: A Caution for Borrowers and Microfinance Institutions

In the ever-evolving landscape of finance, the Reserve Bank of India (RBI) has recently issued a stern warning about misleading loan waiver advertisements. https://economictimes.indiatimes.com/indust...

Microfinance

Measuring Impact, Maximizing Change: The Conceptual Framework for Social Return on Investments (SROI)

Introduction Social Return on Investment (SROI) is a framework for measuring and accounting for social and environmental values created by the organisations. SROI measures changes which are relevant t...

Competitive landscape, Consumer protection, Decision-making, Financial literacy, Group lending, Information and technology, Market competition, Micro-enterprise loans, Microfinance institutions, Regulatory frameworks, Risk-adjusted pricing, Social impact, Stakeholders, Strategic positioning, Loan monitoring

Scaling Up from Group Loans to Individual Loans: Institutional and Operational Imperatives

Scaling Up from Group Loans to Individual Loans: Institutional and Operational Imperatives As the demand for larger micro-enterprise loans grows, the imperative to shift from group lending to individ...

Audit, Internal Audit System, Microfinance

Importance of Internal Audit in Microfinance Institutions

A functioning Internal Audit system holds immense importance within Microfinance Institutions (MFIs) as it diligently oversees the institution's processes and transactions. Its primary role lies i...

Microfinance, Intitutions, Microfinance Intitutions, MFI

The Vital Role of Smaller and Localized Microfinance Institutions in Promoting Financial Inclusion

Microfinance Institutions (MFIs) play a pivotal role in fostering financial inclusion, and the significance of smaller, localized MFIs cannot be overstated. Unlike their larger counterparts, smaller M...

COCA, Code of Conduct Assessments for MFIs (COCA), Evolution and Growing Importance, Microfinance

Code of Conduct Assessment (COCA): Evolution and Growing Importance

M2i maintains that for micro-finance to sustain, sound operational management practices, which strongly emphasize on ethical behavior and responsible lending are imperative. In order to assess adhere...

Client Protection Principles in Microfinance Institutions

Microfinance has emerged as a powerful tool for financial inclusion, providing access to financial services for millions of underserved individuals around the world. However, with its rapid growth, co...

Microfinance Client Fraud Chronicles 1

Microfinance institutions (MFIs) play a pivotal role in extending financial services to underserved populations, empowering individuals like Shardha, Pooja, Anuradha, and Mamta (assumed names) with ac...

Business Due Diligence for Investing in Microfinance Institutions: Balancing Social and Financial Returns

Due Diligence for Investing in Microfinance Institutions: Balancing Social and Financial Returns Microfinance Institutions (MFIs) have emerged as a powerful instrument for fostering financial inclusi...

Technology Solutions for CSR Programs : Leveraging Innovation

Technology Solutions for CSR Programs Technology Solutions for CSR Programs is no longer just a buzzword; it's a powerful tool for businesses to drive positive change. With the advent of technolo...

E Learning Solution for the Banking and Microfinance

E Learning Solution for the Banking and Microfinance The finance industry, including banking and microfinance, is a rapidly evolving sector that demands constant learning and adaptation. With the ris...

Training for Farmer Producer Organisations : Empowering Agriculture

Training for Farmer Producer Organisations In the dynamic world of agriculture, empowering farmer producer organizations (FPOs) is vital for sustainable growth. FPOs play a pivotal role in bringing s...

Baseline Survey for CSR Program

Baseline Survey for CSR Program Corporate Social Responsibility (CSR) programs have evolved into powerful tools for businesses to make a positive impact on society. However, to truly measure and maxi...

Software for Doing Internal Audit

Introduction Internal audits are a vital part of any organization's risk management and compliance strategy. However, managing these audits manually can be time-consuming and error-prone. That...

Internal Audit in Microfinance Sector

Internal Audit in Microfinance Sector In the ever-evolving landscape of financial services, microfinance institutions (MFIs) have emerged as powerful agents of change. These institutions, often servi...

Fraud Risk Assessment in Microfinance, The Microfinance Context, Types of Fraud in Microfinance, Crafting a Resilient Fraud Risk Assessment Framework, Mitigating Risk, Strategies for Success

Fraud Risk Assessment in Microfinance

Fraud Risk Assessment in Microfinance In the dynamic realm of microfinance, where institutions extend financial services to the underprivileged, the fight against fraud is an ongoing battle. As M2i C...

Code of Conduct Assessment for MFIs (COCA): Evolution and Growing Importance

Code of Conduct Assessment for MFIs M2i maintains that for micro-finance to sustain, sound operational management practices, which strongly emphasize on ethical behavior and responsible lending are i...

Time to have a relook at the IIBF certification for business correspondents

The certification program for Business Correspondents (BCs) and Business Facilitators (BFs) provided by the Indian Institute of Banking and Finance (IIBF) has become an industry standard. However, to ...

Strategies to Enhance Financial Inclusion in Geographically Remote Areas

Ensuring financial inclusion is a critical goal for economic development, and one of the significant challenges lies in reaching geographically remote areas. However, with strategic approaches and inn...

The Role of Business Correspondent Agents in Driving Financial Inclusion in India

Financial inclusion through business correspondents Introduction - Financial inclusion through business correspondents Financial inclusion through business correspondents is a key objective for d...

How well MFIs use technology

In this Ecopinion, Atul discusses about the technology adoption among Indian MFIs. Microfinance institutions (MFIs) have successfully integrated technology into their operations, particularly in tran...

Three Ecopinion Wishes

In this Ecopinion Atul expresses three wishes Collaborative Taxation Taxation can be reimagined as a collaborative venture between citizens and the government, where taxpayers express their preferen...