# Life of a Guinea Pig ## Posts - [Solutions to the Trilemma (BT.2)](https://lifeofaguineapig.com/solutions-to-the-trilemma-bt-2/): Picking up from the last post- Solution 1 to the blockchain trilemma. - [The Blockchain Trilemma (BT.1)](https://lifeofaguineapig.com/the-blockchain-trilemma/): Like most things in life, Blockchain too has an optimisation problem which is known as the Blockchain Trilema. What is the problem? - [Consensus Mechanism Contd..](https://lifeofaguineapig.com/consensus-mechanism-contd/): Bit more on the 2 most common Consensus mechanisms. - [What is 'Consensus mechanism' in a blockchain?](https://lifeofaguineapig.com/what-is-a-consensus-mechanism-in-a-blockchain/): A primer on what are Consensus Mechanism in blockchain. - [#ChatGPT & Sovereign Gold Bonds (SGB)](https://lifeofaguineapig.com/chatgpt-sovereign-gold-bonds-sgb/): If you are still on the fence with SGBs and would rather hold long-term bank deposits, read on. - [e-Rupee (e₹) or e-RUPI? (e₹UPI)](https://lifeofaguineapig.com/e-rupee-e%e2%82%b9-or-e-rupi-e%e2%82%b9upi/): A short note on what's what. - [What does the future of e₹ look like?](https://lifeofaguineapig.com/what-does-the-future-of-e%e2%82%b9-look-like/): Lets's try some crystal gazing with what we know and have seen so far for India's CBDC. - [e₹-R is here!](https://lifeofaguineapig.com/e%e2%82%b9-r-is-here/): My short and hot take on the newly launched e₹-R. By now you guys would have read that RBI launched the e₹-R pilot on Dec 01, 2022. Here are the details of the pilot from RBI- https://lifeofaguineapig.wordpress.com/wp-content/uploads/2022/12/pr12755768c88d86624673a14b2c7f5cf68908.pdf In short, the pilot has begun with a few banks in some cities. This will give us a […] - [e₹- CBDC- How? Part-3](https://lifeofaguineapig.com/e%e2%82%b9-cbdc-how-part-3/): Dilemma no 3 & 4 which RBI faces with its CBDC- e₹. - [e₹- CBDC- How? Part-2](https://lifeofaguineapig.com/e%e2%82%b9-cbdc-how-part-2/): Picking up from where we left off in the last post. The indirect modelwill pose certain challenges for the e₹-R such as the following: To overcome these challenges the model most likely to be implemented for the retail pilot is a Hybrid model. Before you ask what this hybrid model is, let’s see in some […] - [e₹- CBDC- How? Part-1](https://lifeofaguineapig.com/e%e2%82%b9-cbdc-how-part-1/): Now the big question-How? This is probably a multi-million-billion dollar question. There are so many dynamics at play here to keep in mind that it will require a very careful, deliberate, and intelligent approach to get this right. I will try to cover some of the dilemmas RBI will have and will also share some […] - [e₹..CBDC?.. what’s that!](https://lifeofaguineapig.com/e%e2%82%b9-cbdc-whats-that/): How is e₹ different than the Rupee you see in your Banking apps and what the future might look like. - [What is this Card Tokenisation?](https://lifeofaguineapig.com/what-is-this-card-tokenisation/): You would have come across this term ‘tokenisation’ on all e-commerce checkout pages. In case you, like me need some visual anchors to develop understanding and still don’t know what is this card tokenisation- this might help. In its bid to improve security of Card transactions, RBI rolled out tokenisation norms on Jan 08, 2019 […] - [Privilege Banking Redefined](https://lifeofaguineapig.com/privilege-banking-redefined/): Our idea of classic privilege banking is that the bank comes to the door-steps of the rich to deliver services. How would you react to the latest developments in financial inclusion where an agent comes to your door-step to deliver various financial services like credit, savings, RD, insurance, and other services like mobile, DTH recharge, […] - [The Law of Evolution- Survival of the Largest ?](https://lifeofaguineapig.com/the-law-of-evolution-survival-of-the-largest/): As the central bank in its pursuit of achieving 100% financial inclusion keeps commissioning various committees, the landscape new age MFIs operate in is getting more and more dynamic. Well, what do we have today? –the recommendations made by V. K. Sharma Committee ( V K Sharma is the senior most executive director and the […] - [Financial Reforms & MFIs](https://lifeofaguineapig.com/financial-reforms-mfis/): Financial reforms that the government is trying to bring in are going to affect MFIs like all other financial institutions in some or the other way.  Among the major recommendations in the last report on financial reforms banking license to NBFCs & PSLCs are the ones which I think if implemented will affect MFIs most significantly. Banking license […] - [Banks & Priority Sector Lending](https://lifeofaguineapig.com/banks-priority-sector-lending/): As we know the commercial banks have to meet the RBI guidelines of 40% net advances of their Adjusted Net Bank Credit to the priority sectors. In case you are wondering what all sectors come under this ‘priority’ list they are- advances for agricultural sector, small & micro enterprises, retail trade, education, housing, Differential rate of […] - [The Land of Darkness](https://lifeofaguineapig.com/the-land-of-darkness-2/): This story is from the land governed by narcissists, it may be true for few other states of the country as well, but I speak for the one I have firsthand experience with. Country’s most populous state and in what state! ; The account here is from the eastern most part of the state, where overwhelmingly […] - [Funding the Microfinance Biz](https://lifeofaguineapig.com/funding-the-microfinance-biz/): Moving on to the next level..we will now try to see how do these Microfinance companies manage to fund their business. This will involve both the fields which I am passionate about- micro & corporate finance :). Looking at the Indian scenario to find out the answer, one thing that stands out is that in the […] - [Microfinance & the way forward...](https://lifeofaguineapig.com/microfinance-the-way-forward/): The term Microfinance refers to small-scale financial services- both credit & savings, provided to the poor in rural, semi-urban & urban areas. The service providers in this space are banks, insurance companies, agricultural & dairy co-operatives & MFI s (Micro Finance Institutions) etc. Since MFI s don’t have a banking license, they can’t take deposits which prevents […] - [What is Financial Inclusion?](https://lifeofaguineapig.com/what-is-financial-inclusion/): Ok..so before I run out of my josh to blog let’s get something useful here 🙂 So what is this ‘Financial Inclusion’ that the newspapers keep talking about? Financial Inclusion in simple words is the idea of providing banking services at very low costs to the poor. So now the next question comes that why has […] - [Mathematical Dilemma](https://lifeofaguineapig.com/mathematical-dilemma/): *It’s a hopeless situation when your happiness quotient is given by = ƒ(Someone else’s action or shud I say inaction). Only if it could be restored to = ƒ(my own actions)..(Can’t use an ! as it could be misunderstood for another mathematical expression!) - [Just a Thought](https://lifeofaguineapig.com/7-2/): All our actions..every single one can be traced back to be driven by our own happiness, and the extent to which our happiness is intertwined to the happiness of people around is what makes us human! - [](https://lifeofaguineapig.com/3-2/): *My convenient truth- people who matter understand, and the ones who don’t understand don’t matter!   ## Pages - [Blog](https://lifeofaguineapig.com/blog/): Latest Stories Snapshots A glimpse into the daily charm of guinea pig life. - [Home](https://lifeofaguineapig.com/): Latest Stories - [Home](https://lifeofaguineapig.com/home/) - [Me & the Blog](https://lifeofaguineapig.com/about-me/): Divya Prakash Singh Banker & technophile I have a PG diploma in Development & Sustainable Finance and an engineering degree in Biotechnology. Currently, I am working for one of the leading banks in India. My passion lies equally in corporate & microfinance, this blog is my effort to share, understand for myself & help others […] ## Optional - [Agent (MCP protocol)](websites-agents.hostinger.com/lifeofaguineapig.com/mcp) [comment]: # (Generated by Hostinger Tools Plugin)