Sl. No. Roll No. Name Topic1. 201310525 Mayuri Arora It is important to take steps to raise the level of domestic savings on an ongoing basis.

This can be achieved both through structural measures favouring private saving, and by fiscal action aimed at curbing public dissaving through the budget deficit. A higher level of national saving reduces the need to rely on potentially volatile sources of funding from abroad. Elaborate.

2. 201310589 Shrayas Madhu Over valuation of the exchange rate, as evinced by a large current-account deficit, is a danger signal, regardless of whether the rate is determined by government action or market forces. The danger signal requires particular attention if the current-account deficit is not the counterpart of high domestic capital formation and if it is financed by short-term borrowing. Explain.

3. 201310713 Sutithi Kiran Panigrahi

It is very important to maintain a cushion of usable foreign exchange reserves as a protection against unexpected developments or changing sentiment. Reserves should not be thought of as a means of delaying or avoiding adjustment, but as a way to enable timely policy adjustments to take effect over time, without requiring disorderly changes in real economic conditions. Elaborate.

4. 201311000 Chirag Khetan The sub-prime crisis was precipitated by monetary excesses. These excesses took the form of interest rates that were held too low for too long by the Federal Reserve and some other central banks. The low interest rates led to a housing boom which eventually ended in a bust and was a significant factor in the crisis. The low interest rates also were a probable factor in excessive risk-taking as people searched for higher yields. Explain.

5. 201311018 Saijit Mohan Why were emerging markets so resilient during the sub-prime crisis? The most important reason is that they had moved toward better macroeconomic policies in the 1990s and they stuck to those policies during the crisis. They were careful not to borrow in foreign countries, and here Indian regulatory policy deserves special credit in discouraging such borrowing by Indian banks. They built up their foreign reserves so they could intervene in the case of a big shock like they received. Do you agree?

6. 201311201 Kumar Tarun Unexpected inflation could be valuable from a public finance point of view because, in the presence of non-index linked fixed rate government debt, it reduces the real value of the public debt. Explain with illustrations.

7. 201311227 Avishek Bhowmik Open capital accounts permit national saving to be de-coupled, at least temporarily, from domestic capital formation. Orderly international financial markets (which are the norm) permit risk sharing and offer insurance opportunities not available at home. The threat

of capital flight is a welcome constraint on fiscally irresponsible national governments and on national governments whose policies harm the domestic investment climate. Do you agree?

8. 201311301 Swati Jaiswal What is a currency board? Explain in detail.9. 201311348 T E

VenkatavaradhanLarge institutions have the ability to offer commodity products like savings accounts at low cost, provided the cost of delivery and customer acquisition is reduced. They should be able to use existing networks like cellphone kiosks or kirana shops as business correspondents to deliver products. Explain in detail.

10. 201311590 Vineeta Maurya Submit a detailed write-up on DICGC. How effective has its role been in guaranteeing credit to SMEs? Suggest improvements.

11. 201311684 Mehul Mathur Submit a detailed write-up on CIBIL. Comment on its role as a credit information bureau and suggest improvements.

12. 201311687 Satyajeet Ojha What is UCPDC? How does it facilitate international trade? Explain in detail.13. 201311788 Ritesh Kumar

JaiswalWhat is SWIFT? What are the various services offered by SWIFT?

14. 201311889 Vaibhav Goel Submit a detailed write-up on CCIL. Review its performance and suggest improvements.15. 201311993 Ashish Yadav Trace the growth of RTGS system in India. Discuss migration to NG-RTGS.16. 201312439 Jagruti Harendra

MahidaSubmit a detailed write-upon CGFTSI. Suggest improvements.

17. 201312513 Amit Ranjan The poor need efficiency, innovation, and value for money, which can come from motivated financiers who have a low cost structure and thus see the poor as profitable, but who also have the capacity of making decisions quickly and with minimum paperwork. Explain in detail.

18. 201312536 Rajiv Tripathi Write a critique of the ‘Originate to Distribute’ model of credit delivery and discuss whether this model is suitable for India.

19. 201312595 Ronak Rameshkumar Saraf

Submit a detailed write-up on CDs and CPs. Explain how in developed countries, corporates use CDs and CPs for investing surplus funds and borrowing to meet working capital requirements.

20. 201312623 Rupam Sinha Submit a detailed write-up on ECB. What are the benefits? What are the potential hazards?

21. 201312715 Rahul Thakur Instead of treating Financial Inclusion primarily as expanding credit, which puts the cart before the horse, we should see it as expanding access to financial services, such as

payments services, savings products, insurance products, and inflation-protected pensions. Explain in detail.

22. 201312722 Dona Datta Write a note on Grameen Bank, Bangladesh. How can India learn and benefit from Dr. Yunus’ success with Grameen Bank?

23. 201312738 Jinal Bindeshbhai Shah

What kind of derivative would a bank having floating rate loans and fixed rate deposits use to hedge it asset liability mismatch? Explain with illustrations.

24. 201312749 Nupur Anil Patwari A high level of public deficit financing soaks up capital and has serious consequences for macroeconomic development and for the financial system. Do you agree?

25. 201312830 Raghav Vats Disciplined fiscal policy — lower levels of government deficits and a declining ratio of public debt to GDP—is necessary to free up monetary policy to focus on its key objective of price stability. Explain in detail.

26. 201312831 Satyansh Awasthi Finance ultimately provides the lubrication that allows the engine of the economy to run smoothly. But it is not the engine itself; What we need is real sector reforms such as building out infrastructure, reforming the labour laws, improving the social safety net, etc. Explain.

27. 201312857 Amit Jesani Submit a detailed write-up on Internal Ratings Based (IRB) approach to credit risk management.

28. 201312883 Pratik Pandit Jagtap Ultimately, it is opportunities in the real sector, created by broader growth, which will give the poor the ability to use credit effectively. Instead of forcing credit to household that could thereby become heavily indebted, the focus should be on making them creditworthy so that when opportunities arise, they have access. Explain in detail.

29. 201312940 Spandana Agastya Submit a detailed write-up on ECGC. Suggest improvements.30. 201312947 Omkar Sai

Narayana Rao Makena

Discuss the AP Microfinance Crisis and suggest remedies.

31. 201312984 Piyush Rajendra Sahu

Any registered lender (including microfinance institutions, cooperative banks, banking correspondents, etc.) who has made loans to eligible categories would get ‘PrioritySector Lending Certificates’ (PSLC) for the amount of these loans. A market would then be opened up for these certificates, where deficient banks can buy certificates to compensate for their shortfall in lending. Importantly, the loans would still be on the books of the original lender, and the deficient bank would only be buying a right to undershoot its priority sector-lending requirement by the amount of the certificate. If the loans default, for example, no loss would be borne by the certificate buyer. The merit of

this scheme is that it would allow the most efficient lender to provide access to the poor, while finding a way for banks to fulfil their norms at lower cost. Essentially the PSLC will be a market-driven interest subsidy to those who make priority sector loans. Do you agree?

32. 201312992 Priyanka Jethwani How do you measure and control operation risk in banks?33. 201312993 Manvi Jain Liberalizing interest rates would allow the formal sector to lend to the poor and keep

them from the moneylender, though liberalization would require the political will to accept the widespread evidence that low interest rate ceilings simply do not help the poor. Do you agree?

34. 201312995 Vikas Bagria How do banks manage Interest rate risks?35. 201313004 Shardul Girish

ChimoteAny entity that has mismatched assets and liabilities (mismatched in terms of durationor liquidity) is subject to the risk of becoming illiquid. Explain in detail.

36. 201313009 Srikanth T What are Self Help Groups? What is their role in financing of Rural and Urban Poor?37. 201313026 Meenakshi Pal What are RNBCs? How are they being regulated? Do they serve a useful purpose?38. 201313058 Aravinda Kumar

NasamThe public sector policy environment has treated microfinance institutions as orphan children of the financial sector rather than helping them to build solid foundations. Comment.

39. 201313119 Pratik Shukla A floating exchange rate regime may well be the only viable option for the larger and less open transition economies like India. Explain in detail.

40. 201313140 Astha Gupta Why should the government which does not regulate usurious interest rates and strong arm tactics of rural money lenders, target MFIs only? Discuss.

41. 201313171 Piyush Vaishnav Success of RNBCs like the Sahara Group entities point to the failure of the organised sector, especially banks in addressing the financial requirements of rural India. Discuss.

42. 201313176 Yogendra Singh Bhadauria

What are RNBCs? Are they needed? How should they be regulated?

43. 201313222 Shivani Sunil Deshpande

Should RBI exercise control over all banking entities including co-operative credit societies? Considering the number of co-operative credit societies, how can this be done?

44. 201313232 Devyani Jain Write a note on Urban Co-operative banks.45. 201313233 Kameswara Sarma

RaniIndian policies have led to poor governance frameworks for MFIs. In many countries, leading microfinance organizations like Mibanco and Bancosol (Bolivia) were commercialized with a mix of owners including the original non-governmental

organization (NGO), international social investors (including development banks), and some local shareholders. The NGOs kept the focus on the mission, while the international social investors contributed a commercial orientation, also tempered by social mission. In Indian microfinance, NGOs are prohibited from becoming shareholders. Instead, authorities accepted a romantic notion that client ownership would create grassroots accountability, but this actually created a governance void. SKS, for example, established a client trust that gave clients a monetary stake in the company but left the voting rights to the founder/managers. At the same time, foreign investment rules have made it hard for international social investors to participate in ownership and governance. The results: founder domination, a pattern that affects each of the big three MFIs in Andhra Pradesh and leads to a lack of checks on decisions by managers, and the entrance of pure commercial players like Sequoia Capital India with their over-emphasis on fast growth. Comment.

46. 201313238 Gupaluni Leela Aiswarya

If not for the East Asian Economic Crisis of 1997, rupee would have been convertible on the capital account. Submit your views.

47. 201313288 Sandeep Gouru Discuss the Internal Ratings Based Approach to Credit Risk48. 201313312 Atulya Kumar What are Micro Finance Institutions? What is their role in financing of Rural and Urban

Poor?49. 201313335 Pushkar Vijay Joshi Farm loan waiver schemes discriminate against borrowers who promptly repay loans.

Comment.50. 201313373 Ayush Agarwal Discuss the Sahara SEBI issue. What do you think is the real problem?51. 201313390 Simranjyot Kler Submit a detailed write-up on Asset Liability Management in Indian Banks.52. 201313392 Payal Jain One of the principal challenges of microfinance is providing small loans at an affordable

cost. Discuss.53. 201313511 Dhara Atul Patwa Write a note on Investment Policy suitable for Indian Banks.54. 201313514 Farhan Khan Submit a write-up on US OFAC and its impact on forex operations of Indian Banks.55. 201313522 Sanidhya Jain The answer to providing microfinance services at an affordable cost may lie in rethinking

one of the fundamental assumptions underlying microfinance: that microfinance borrowers need extensive monitoring and interaction with loan officers in order to benefit from and repay their loans. The P2P microlending service Zidisha is based on this premise, facilitating direct interaction between individual lenders and borrowers via an internet community rather than physical offices. Zidisha has managed to bring the cost of microloans to below 10% for borrowers, including interest which is paid out to lenders.

However, it remains to be seen whether such radical alternative models can reach the scale necessary to compete with traditional microfinance programs. Can Indian MFIs emulate Zidisha?

56. 201313524 Ritesh Gupta What are chit funds? Do they serve a useful purpose? How should their activities be regulated?

57. 201313555 Navanita Nayak What are NBFCs? How are they being regulated? Do they serve a useful purpose?58. 201313603 Ambar Gupta RBI should be as willing to cut rates when inflation is expected to fall below the objective,

so that the policy revives growth, as it is to raise rates when inflation is expected to exceed the objective because growth exceeds the economy’s potential. Do you agree?

59. 201313620 Sakshi Tirthani Write a note on Post Shipment Credit in Foreign Currency (PSCFC).60. 201313659 Ankur Chaurasia Those who seek to peg their exchange rate close off a highly desirable safety valve, and

introduce a serious danger that monetary policy would frequently find that the needs of domestic stabilisation and the aim to maintain the external peg would run counter to each other. Elaborate.

61. 201313714 Swarna Agrawal Write a note on IMF & IBRD62. 201313743 Hemant Verma Exchange rates objectives are particularly crucial for developing countries where foreign

exchange markets are generally thin, which do not have automatic access to reserves of other central banks, and where large volatility in exchange markets can have significant real effect. Substantiate or refute with cogent arguments.

63. 201313751 Harshika Vyas Should Asia opt for a common currency like Euro? What will be the benefits & hazards? What are the road blocks?

64. 201313756 Swati Yadav When there are differences between fiscal and monetary authorities within a country (E.g., Fin Min and RBI in India), how can a single monetary authority (Viz., ECB) deal with different fiscal authorities in the case of Euro?

65. 201313801 Yanmeet Priyatosh Nayak

Has UK’s decision to resist monetary unification with Europe proved to be correct?

66. 201313810 Kanad Chakraborty How do you measure and control market risk in banks?67. 201313813 Prateek Sharma One big factor impeding the flow of credit from formal institutions to the poor is that

interest rate ceilings make priority sector lending unprofitable, and ensure that the banker attempts to recover his money through hidden charges in the loans that are made, or that he does not lend so the poor are driven to the moneylender. A better way to proceed is to liberalize interest rates while increasing safeguards that prevent exploitation. Do you agree?

68. 201313821 Nilendra Bhaskar Ghoke

One objective of branch licensing is to force banks into under-banked areas in exchange for permission to enter lucrative urban areas. This can be explicitly achieved today by instituting a service norm—for every x savings accounts that are opened in high income neighbourhoods, y low-frill accounts have to be opened in low income neighbourhoods. The service provision obligation could become traded, with small banks or cooperatives acquiring certificates for the excess number of accounts they provide and selling them to deficient banks. Examine the feasibility and desirability of this proposal.

69. 201313834 Shahid Memon Write a note on VaR.70. 201313842 Yashi Shekhar Macro-prudential regulation is essential to prevent the growth of credit bubbles and

other forms of macroeconomic volatility. Of particular concern is collateral based lending—where the value of the collateral, and thus the magnitude of lending, increases in a bubble, thus reinforcing the bubble. Explain.

71. 201313846 Shashank Agarwal Write a note on Loan Policy suitable for Indian Banks.72. 201313881 Ravi Harsha Sri

DhulipallaGlobal average interest and fee rate among MFIs is estimated at 37%, with rates reaching as high as 70% in some markets. The reason for the high interest rates is not primarily cost of capital. Indeed, the local microfinance organizations that receive zero-interest loan capital from the online micro lending platform Kiva charge average interest and fee rates of 35.21%. Rather, the main reason for the high cost of microfinance loans is the high transaction cost of traditional microfinance operations relative to loan size.Microfinance practitioners have long argued that such high interest rates are simply unavoidable, because the cost of making each loan cannot be reduced below a certain level while still allowing the lender to cover costs such as offices and staff salaries. Do you agree? Suggest technology as a means to reduce transaction costs.