Censorship resistance is one of the most powerful philosophical pillars of cryptocurrency. At its core, the idea holds that no authority—state, corporation, or intermediary—should be able to block, reverse, or selectively permit transactions. Money, in this view, should be neutral infrastructure: as indifferent to identity, politics, or geography as the internet protocol itself. This principle animated early crypto communities and remains central to how decentralization is mo

Purpose: To ensure growth decisions are  risk-aligned, funding-backed, and governance - sound , and to protect NBFC Board of directors from regulatory and personal liability. 1. Business Model & Growth Rationale ☐ Is the proposed growth  consistent with the NBFC’s core business model  (product, customer segment, tenure)? ☐ Is growth driven by  underwriting strength  or by  availability of short-term funding ? ☐ Does management clearly articulate  why this level of growth is s

Audience:  NBFC Board of Directors | Audit Committee | Risk Management Committee Applicability:  Middle Layer & Upper Layer NBFCs (heightened relevance post SBR) Objective:  To identify  areas of highest regulatory and personal liability exposure  for NBFC directors under RBI oversight. This is in continuation to my earlier blog which focussed on "Tone at the Top" for Banks and financial Institutions. However my experiences make me capture and articulate NBFC governance linke

Audience:  Board of Directors | Audit Committee | Risk Management Committee Objective:  To identify areas of highest regulatory exposure for directors and committees under RBI supervision. Over the years i have interacted with mutiple Financial services entities in India and Abroad. I have also had the opportinity to engage with financial regulators in the course of my consulting engagements. i have realized that that "Tone at the Top" sets up the financial institution for su

Financial sector scam, the manner it is perpetuated and the root cause.