The objective of the conference is to provide a platform to Heads of Treasuries and senior officers involved with risk management function to discuss issues like financial market operations and regulatory perspective, bond market challenges, NDF market, retailing of G-Sec & Forex Market and systemic risks arising due to inter-linkages among financial sector players. This conference would also provide an opportunity to the participants to interact with the regulator, banking experts and peers.

What is the impact of mandatory disclosures of quality on market outcomes in a large developing country? Does impact differ across sub-markets and income groups? We answer these questions in the context of housing markets in India where information asymmetry between homebuyers and developers is high and litigation against housing projects is common.

We document loan characteristics and financial decision making by women for loans given under the “Her Ghar” housing loan scheme by State Bank of India. Loans given to women under the scheme had a lower interest rate relative to loans given to men – however, this effect lasted less than one year.

There has been a declining trend in groundwater depths in India and subsidies on farm electricity contribute to over-extraction of groundwater raising concerns about its sustainability for irrigation. In this paper, I estimate the reduction in groundwater pumping under volumetric pricing of farm electricity for Punjab where farm electricity is free. I use parcel-level cost of cultivation data from the Ministry of Agriculture for 2011-12 to 2013-14 to estimate the production function for paddy using the instrumental variable approach.

This uniquely designed CAFRAL Program on Current Issues in Banking and Finance provides capsuled learning for economists, regulators and bankers to understand various current issues and challenges faced by financial intermediaries in the present interconnected world in which technology is reshaping the landscape of finance at an unprecedented pace. The program will provide insights on the economy in general, its impact on the financial sector and the evolving challenges and opportunities.

This one-day virtual program would provide an opportunity to the participants to understand the regulatory perspective, expectations and concerns. The participants will be apprised of the emerging compliance landscape and challenges including increasing complexities in operations of financial institutions and in adoption of technology.

In a distributional examination of monetary policy impacts, my study explores how changes in the federal funds rate affect short-term consumption dynamics through the wealth inequality channel. Differential returns and prices of housing and equity along with heterogeneous marginal propensities to consume out of income across house- holds, cause uneven effects of monetary policy on individuals with different net wealth.

I study the effect of foreclosure delays on labor income and employment outcomes, exploiting a temporary CFPB rule that restricted servicers from initiating foreclosures. Using detailed employee-employer matched administrative data linked with individual credit profiles in the U.S., I employ a difference-in-differences design and compare borrowers who were 120+ days delinquent one month before versus one month after the cut-off eligibility date of the rule.

This five-day program aims to provide a leadership competency framework, curated for senior & emerging leaders in the financial sector, to create demonstrable and high impact leadership quotient. The program has been designed with Catallyst Executive Education Institute (CEEI) for senior and middle management leaders of banking and financial services organizations in India. The program would also focus on high level functional skills of critical importance for financial sector leaders such as those relating to governance, strategy and risk.