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Research

Outreach Activities

I. GIPE MACROPRU MUSINGS –

The GIPE MACROPRU MUSING is an E-Bulletin reviewing academic research papers on complex macro prudential (MACROPRU) policies evolving on a global scale. The contributors are the students of GIPE with flair for writing and analysing publications of topical relevance. It aims to translate dense economic papers into clear, everyday language so students can learn without being overwhelmed by jargon.

This initiative would lend access to the students and readers alike, an enjoyable entry into Macropru policy and the related academic literature, helping them build confidence on sophisticated economic ideas. It would equally benefit the writers, editors, and the students of our institute to develop valuable skills in analysis, synthesis, and clear communication essential for future work in research, policy, or communication fields.

The maiden issue dated 01 January 2026 was released by the Vice Chancellor, GIPE.

 

II. National Seminar on “Digitalization of Indian Financial Sector – Digital Lending Platforms – 21 NOVEMBER 2025

This National Seminar, organized in collaboration with FACE, the RBI-approved Self-Regulatory Organisation for FinTech Lenders, successfully brought together a diverse group of stakeholders including regulators, financial institutions, FinTech companies, policymakers, investors, and members of academia. The seminar featured focused brainstorming sessions on Digital Lending Platforms, as per the tentative schedule, and provided valuable insights into prevailing regulatory priorities, best practices for responsible growth, and the on-ground implementation of policy measures within the digital lending ecosystem

Through in-depth discussions, knowledge sharing, and networking opportunities, the seminar facilitated a common understanding of the sector’s key challenges, encouraged convergence between policy intent and industry practice, and explored collaborative pathways to strengthen transparency, resilience, and customer protection. The event significantly contributed to broadening the informational and experiential horizons of GIPE students, while also helping to establish stronger linkages among stakeholders and generate fresh perspectives to inform future policy advocacy aimed at enhancing industry standards.

The National Seminar was structured around three thematic panel discussions, each focusing on critical dimensions of the digital lending and financial technology landscape. These panel sessions enabled in-depth deliberations on innovation, regulation, and implementation challenges, drawing on the practical experiences and strategic insights of senior industry leaders and experts.

Panel Discussion 1: Innovations at Large-Scale Financial Institutions
Moderator:
Ashish Goyal (Co-Founder, FIBE)

Panelists:

  1. Sandeep Ubale (CGM & Deputy Chief Digital Officer, State Bank of India)
  2. Anjani Rathor (Head – Digital Banking and Customer Experience, HDFC Bank)
  3. Sidhartha Mishra (Head – Digital Channels, ICICI Bank)
  4. Ram Iyer (Founder and Chief Executive Officer, Vayana)

Panel Discussion 2: New Frontiers in Digital Lending (Product Diversification, New Segments, Rural Credit, Resilience in collections)
Moderator:
Srinath Sridharan (Independent Consultant)

Panelists:

  1. Akshay Mehrotra (Co-Founder, FIBE)
  2. Anurag Sinha (Founder-CEO, OneCard)
  3. Satyam Kumar (CEO & Co-Founder, LoanTap)
  4. Nikhil Kurhe (CEO, Finarkein)

Panel Discussion 3: Digital Credit Rails & Al: Building the Future (ULI, AA, DPI, ONDC, OCEN, CBDC)
Moderator:
Vivek Belgavi (Partner, PWC)

Panelists:

  1. Vamsi Madhav (CEO, Finvu)
  2. Ganesh Gopalan (CEO, Gnani.ai)
  3. Prashanth Ramdas (Partner, Khaitan & Co)

The seminar also featured distinguished keynote and valedictory addresses delivered by eminent leaders from the regulatory and FinTech ecosystem.

Keynote Speakers –

  1. Shri Vaibhav Chaturvedi, (CGM, Department of Regulation, RBI) –

       Keynote Address – Regulatory vision for digital lending and FinTech,

  1. Sugandh Saxena (CEO, FACE) –

      Keynote Address – “Digital Lending Platforms: Experience, Challenges and the Road Ahead

  1. K. V. Srinivasan (Founder and CEO, Profectus Capital) –

     Keynote Address – “The Next-Generation Digitalization in the Payments and Lending Ecosystem”.

Valedictory Address – “The Future of FinTech: Innovation and Regulation Moving in Tandem”

Speaker – Sh. Suvendu Pati (CGM, FinTech Department, RBI)

III GIPE Shadow Monetary Policy Committee (MPC) – Bi-monthly Policy Announcement

The bi-monthly GIPE Shadow Monetary Policy Committee (MPC) is a student-led academic simulation designed to closely replicate the monetary policy formulation process undertaken by the Reserve Bank of India. In this simulation, six GIPE students act as MPC members, along with a Chairperson, and announce a Monetary Policy a week before the scheduled announcement by RBI Governor before students and faculty

This initiative offers students valuable exposure beyond the classroom and fosters critical thinking on contemporary macro-financial issues.

Over successive editions, the quality of research, deliberation, and policy articulation has shown consistent improvement, reflecting the cumulative learning embedded in the exercise. A distinctive feature of the initiative is its peer-learning framework, wherein the Chairperson of the preceding Shadow MPC becomes part of the MPC Secretariat and mentors the subsequent committee. This institutional continuity enables students to collectively refine analytical skills and present increasingly nuanced policy stances.

The RBI Chair Unit, GIPE, is pleased to note that the second and third editions of the GIPE Shadow MPC were successfully conducted on November 28, 2025, and January 30, 2026, respectively. On both occasions, the Chairperson and MPC members presented their policy reports before senior representatives from financial institutions, FinTech experts, and academicians, thereby offering participants an authentic and immersive experience closely aligned with the real-world monetary policy process of the RBI.

IV Discussion with the Author/s of New Research Papers

Under this initiative, eminent authors of relevant research papers from India and abroad were invited on a quarterly basis to present and discuss their work with students and faculty members of GIPE. These interactive brainstorming sessions, conducted either in online or in-person modes, provided a vibrant platform for the exchange of ideas, critical inquiry, and scholarly engagement

The quarterly research interactions significantly enriched the research ecosystem at GIPE by exposing participants to contemporary policy-relevant issues, broadening perspectives, and fostering a deeper culture of research-led learning aligned with the evolving priorities of the Reserve Bank of India.

23 September 2025 – Research Paper Title – Dynamics of Financial Stability and Monetary Policy in India
Authors – Tina Parate and Amar Nath Yadav

16 December 2025 Research Paper Title – Sluggish Growth or Premature Decline? A Comparative Study of Indian Industrialization with China
Author – Dr. Meenakshi Shekhar – Assistant Professor, CAFRAL, Mumbai

 

V. Quarterly Quiz on “Functions of RBI – Influencing the Last Mile of the Indians”
RBI is a multi-functional central bank with its main functions, besides – currency issue, monetary policy making, and forex reserves management – covering areas like financial stability, regulation, supervision, financial inclusion- financial literacy, rural Development, customer Service and so on. All these functions are part of various Courses in different Programmes of GIPE.

Quarterly Quiz Competition proposes to encourage students for exploration of various functions of the RBI in shaping a nation’s economy. This would give a critical sense to the students of GIPE on the various facets of Indian Financial System. It will also contribute significantly to the learning Eco-system and expand the horizon of knowledge of the learners

Winners of the first Online Quarterly Quiz Competition –


1st Position – Shlok Tiwari – M.Sc Economics (PSHE)
2st Position – Aditya Prakash Pandey – Bsc Economic Hons
3rd Position – Priyanshi Sehrawat – Msc economics

 

 

Winners of the Second Online Quarterly Quiz Competition –

1st Position – Kushi Kumari  – M.A. Economics , Second Year

 

 

 

 

2st Position – Divya Pawar – M.Sc. Financial Economics- First Year

 

 

 

 

VI Panel Discussion on the Bi-annual Financial Stability Reports (FSR) by RBI

Financial Stability Report, a Bi-Annual publication of RBI and is published to give a critical assessment on the performance of the various segments and the lurking risks before the Macro-Financial System. It alerts the citizens on what they should remain careful about before taking financial decisions. By offering forward-looking insights, the report serves as an important guide for consumers, savers, producers, and foreign investors, enabling them to remain informed about the dynamics of Indian financial system and orient their decision making in sync with the same.

Against this backdrop, the panel discussion aims to facilitate a focused and in-depth deliberation on the key flashpoints identified in the latest Financial Stability Report. Through expert perspectives and critical engagement, the event seeks to enhance the understanding of students and faculty of the interconnected dimensions of India’s macro-financial system

The panel discussion, held on August 04, 2025, contributed meaningfully to the learning ecosystem by fostering analytical thinking, informed discourse, and a deeper appreciation of financial stability issues, thereby broadening the intellectual horizons of the learners.

The panel discussion was moderated by Rahul Ghosh and featured the following panelists:

Panelists:

  1. Sanjeev Sanyal (EAC to PM/ Chancellor, GIPE, Pune)
  2. Ashima Goyal (Professor Emeritus, IGIDR)
  3. Ayappan Nair (GM, Financial Stability Department, RBI)

Building on the insights and deliberations from this session, the RBI Chair Unit, GIPE, proposes to organize a panel discussion on “Navigating the Financial Stability Report” based on the December 2025 issue, scheduled to be held on February 13, 2026. The forthcoming discussion aims to examine emerging systemic risks, evolving macro-financial linkages, and policy challenges highlighted in the latest FSR, thereby further strengthening understanding of financial stability concerns among students and faculty.

On the FSR – June 2025 Issue :  4 August 2025

Field Research Visit – Implementation of Financial Inclusion Schemes and their Impact Analysis in Villages around Pune. – 4 and 5 October 2025