Nirupama Kulkarni is Senior Research Director at CAFRAL. She works on academic and policy research in the areas of banking, household finance, real estate and monetary policy. Her most recent work focuses on banking and financial crisis in India, and implications for credit allocation. Dr Kulkarni’s work has appeared in leading academic journals such as the Journal of Monetary Economics, Review of Corporate Financial Studies, and the Journal of Empirical and Legal Studies. She has an undergraduate degree in electrical engineering from IIT Bombay, an MBA from Stern School of Business, New York University and a Ph.D. in business administration (finance and real estate) from Haas School of Business, University of California, Berkeley. She has been the recipient of the Fisher Center Fellowship at UC Berkeley, Fisher Center Research Grant at UC Berkeley, Vanier Family Foundation Grant at UC Berkeley and was the FWA Clarin S. Schwartz Memorial Scholar and a Glucksman Research Fellow at the Stern School of Business, New York University.