Vatayan Labs https://vatayanlabs.com/ Data-driven research on Indian banking, payments and markets — built from primary regulatory data. en The Microfinance Crisis India Didn't See Coming https://vatayanlabs.com/sectors/microfinance/the-microfinance-crisis-india-didnt/ https://vatayanlabs.com/sectors/microfinance/the-microfinance-crisis-india-didnt/ Mon, 08 Jun 2026 08:00:00 -0000 Because We Caused It What Comes Next — The RBI Response, the Investor Lens, and What Borrowers Must Know https://vatayanlabs.com/sectors/gold/what-comes-next-the-rbi-response/ https://vatayanlabs.com/sectors/gold/what-comes-next-the-rbi-response/ Thu, 14 May 2026 08:00:00 -0000 Good policy does two things: it addresses the symptom and the cause. The RBI’s 2025 gold loan directive addresses the symptom well. Whether it addresses th The Warning Signs Hidden in the Gold Loan Boom https://vatayanlabs.com/sectors/gold/the-warning-signs-hidden-in-the-gold/ https://vatayanlabs.com/sectors/gold/the-warning-signs-hidden-in-the-gold/ Fri, 08 May 2026 08:00:00 -0000 Gold Loans : Post 2 of 3 India's Gold Rush — The ₹16.8 Lakh Crore Story https://vatayanlabs.com/sectors/gold/indias-gold-rush-the-168-lakh-crore/ https://vatayanlabs.com/sectors/gold/indias-gold-rush-the-168-lakh-crore/ Tue, 05 May 2026 08:00:00 -0000 Gold loans have quietly overtaken personal loans to become India's second-largest retail credit product Global Peers, Final Rankings, and the One Question That Changes Everything https://vatayanlabs.com/sectors/capital-markets/global-peers-final-rankings-and-the/ https://vatayanlabs.com/sectors/capital-markets/global-peers-final-rankings-and-the/ Sun, 03 May 2026 08:00:00 -0000 The Invisible Engines — PART 4 OF 4 The Record Keepers: Why RTAs Are the Better Business Right Now https://vatayanlabs.com/sectors/capital-markets/the-record-keepers-why-rtas-are-the/ https://vatayanlabs.com/sectors/capital-markets/the-record-keepers-why-rtas-are-the/ Sat, 02 May 2026 08:00:00 -0000 THE INVISIBLE ENGINES — PART 3 OF 4 The Two Vaults: CDSL vs NSDL https://vatayanlabs.com/sectors/capital-markets/the-two-vaults-cdsl-vs-nsdl/ https://vatayanlabs.com/sectors/capital-markets/the-two-vaults-cdsl-vs-nsdl/ Wed, 29 Apr 2026 08:00:00 -0000 One owns 82% of the accounts. The other holds 86% of the value. The Map: Understanding India's Financial Plumbing https://vatayanlabs.com/sectors/capital-markets/the-map-understanding-indias-financial/ https://vatayanlabs.com/sectors/capital-markets/the-map-understanding-indias-financial/ Mon, 27 Apr 2026 08:00:00 -0000 Four companies process every demat account, every SIP, every IPO in India. The 77% Problem — Why Most Indian Equity Portfolios Are More Vulnerable Than They Look https://vatayanlabs.com/sectors/mutual-funds/the-77-problem-why-most-indian-equity/ https://vatayanlabs.com/sectors/mutual-funds/the-77-problem-why-most-indian-equity/ Mon, 20 Apr 2026 08:00:00 -0000 Two years of flat returns haven’t fixed Indian valuations. They’ve just made the problems harder to see. Here’s the framework you need. The SIP Illusion https://vatayanlabs.com/sectors/mutual-funds/the-sip-illusion/ https://vatayanlabs.com/sectors/mutual-funds/the-sip-illusion/ Sat, 11 Apr 2026 08:00:00 -0000 Why India’s Most Popular Investment Habit Is Quietly Failing Millions of Investors BEL: The Government Supplier That Became a Technology Company https://vatayanlabs.com/sectors/defence/bel-the-government-supplier-that/ https://vatayanlabs.com/sectors/defence/bel-the-government-supplier-that/ Thu, 09 Apr 2026 08:00:00 -0000 We are moving towards the end of this mega “Read the Defence” series. If you haven’t read the earlier editions, have listed below.Post 1 : India’s Defence Mission Sudarshan Chakra: Why India Is Building a National Defence Shield https://vatayanlabs.com/sectors/defence/mission-sudarshan-chakra-why-india/ https://vatayanlabs.com/sectors/defence/mission-sudarshan-chakra-why-india/ Tue, 07 Apr 2026 08:00:00 -0000 Who Benefits from the Mission HAL: India’s Greatest Order Book https://vatayanlabs.com/sectors/defence/hal-indias-greatest-order-book/ https://vatayanlabs.com/sectors/defence/hal-indias-greatest-order-book/ Sun, 05 Apr 2026 08:00:00 -0000 But Why Analysts are notso excited about it The 10 Monitorables: What to Track Every Quarter https://vatayanlabs.com/sectors/defence/the-10-monitorables-what-to-track/ https://vatayanlabs.com/sectors/defence/the-10-monitorables-what-to-track/ Thu, 02 Apr 2026 08:00:00 -0000 We are moving towards the next phase of this mega “Read the Defence” series. If you haven’t read the earlier editions, have listed below.Post 1 : India’s D Government Just Guaranteed ₹20,000 Crore for Microfinance https://vatayanlabs.com/sectors/microfinance/government-just-guaranteed-20000/ https://vatayanlabs.com/sectors/microfinance/government-just-guaranteed-20000/ Sun, 29 Mar 2026 08:00:00 -0000 A policy explainer for deep dive! How to Read a Defence Company https://vatayanlabs.com/sectors/defence/how-to-read-a-defence-company/ https://vatayanlabs.com/sectors/defence/how-to-read-a-defence-company/ Sat, 28 Mar 2026 08:00:00 -0000 The Retail Investor vs The Fund Manager The Defence Value Chain https://vatayanlabs.com/sectors/defence/the-defence-value-chain/ https://vatayanlabs.com/sectors/defence/the-defence-value-chain/ Mon, 23 Mar 2026 08:00:00 -0000 Where the Money Is Made — and Why Indigenisation Is the Real Investment Thesis India’s Defence Decade Has Begun https://vatayanlabs.com/sectors/defence/indias-defence-decade-has-begun/ https://vatayanlabs.com/sectors/defence/indias-defence-decade-has-begun/ Thu, 19 Mar 2026 08:00:00 -0000 Are Retail Investors Reading It Wrong Why Momentum in a Mutual Fund is Smarter than Momentum in a Smallcase https://vatayanlabs.com/sectors/mutual-funds/why-momentum-in-a-mutual-fund-is/ https://vatayanlabs.com/sectors/mutual-funds/why-momentum-in-a-mutual-fund-is/ Sun, 24 Aug 2025 08:00:00 -0000 The 2025 Union Budget made one subtle yet powerful shift for investors: Short-Term Capital Gains (STCG) tax rose from 15% to 20%, and Long-Term Capital Gai