Archive for April 4th, 2016

This Is where bad bankers went to Prison in Iceland…

April 4, 2016

Just like Iceland, its jail too is in a pretty picturesque place.

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How doorstep banking has been forgotten in India but is increasing savings in Sri Lanka..

April 4, 2016

Interesting article by a team of scholars: Michael Callen , Suresh de Mel , Craig McIntosh  and Christopher Woodruff.

They point how a bank in Sri Lanka has pioneered this doorstep banking approach. In this, deposits are collected from houses of people:

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Why is currency in circulation in India rising?

April 4, 2016

There were flurry of articles towards end of India’s financial year on this murky term – currency in circulation. All these articles (article one , two and three)were looking at possible reasons for sharp rise of currency in circulation.

The question is why should anyone care? Well, one sees this circulation rising in times of high inflation as people need more money to settle transactions. But with declining inflation, one should not see a rise in the currency numbers.

First what is this Currency in circulation? This is basically all the paper notes we carry in our pockets. This along with rupee coins and small coins with RBI form currency in circulation. Rupee coins and small coins in the balance sheet of the Reserve Bank of India include ten-rupee coins issued since October 1969, two rupee-coins issued since November 1982 and five rupee coins issued since November 1985.

Next, what is the problem? See this table:

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