G S Sandhu

Q&A: GS Sandhu, secretary, Department of Financial ServicesThe Reserve Bank of India (RBI) on Wednesday granted in-principle licences to infrastructure lender IDFC and microfinance company Bandhan Financial Services to set up banks, but left out large companies such as Aditya Birla Nuvo, L&T Finance Holdings and Reliance Capital. Financial Services Secretary GS Sandhu tells Vrishti Beniwal the central bank has only made a beginning, adding the door for industrial houses isn't closed, as both the finance ministry and RBI believe licences can be given on-tap. Edited excerpts:Why didn't any large company qualify for a bank licence in this round?We are not privy to the reason behind this. But I'm sure there must be a good reason. A good beginning has been made and, subsequently, many more players will come.Do you think large corporate houses should get bank licences?There cannot be a simple reply to this, as it will depend on the objectives behind that, as well as the credentials and track

Many more entities will get banking licences

Business Standard

Not so long ago, a senior West Bengal minister expressed surprise when Chandra Shekhar Ghosh told him that Bandhan, the highly successful microfinance institution (MFI) that he has founded, was a venture that grew and flourished entirely out of the state.

Lunch with BS: Chandra Shekhar Ghosh

India Post has to work out the logistics: Bimal Jalan

Interview with chairman and managing director of the Bandhan Financial Services

The licence reinforces the belief in banking for financial inclusion: Chandra Shekhar Ghosh

Vikram Limaye

Interview with Managing Director and Chief Executive Officer IDFC

We'll build a bank via organic route: Vikram Limaye

Until you get forex reserves to Chinese levels, it is probably not enough: Raghuram Rajan

Raghuram Rajan

RBI should not be bailing out banks with liquidity infusion: Raghuram Rajan

BS Reporter

Interview with CEO, Apollo Munich Health Insurance

Retail business will be our focus for the next few months: Antony Jacob

Banks are not family businesses: Rana Kapoor

Private life insurance company Birla Sun Life Insurance already has more than 10 products in its portfolio under the new product regime and is adding many more in the next few months. In an interview with Neha Pandey-Deoras and M Saraswathy, Pankaj Razdan, MD & Chief Executive Officer, Birla Sun Life Insurance and Deputy Chief Executive - Financial Services, Aditya Birla Group, who took over as company head a few months ago, talks about their product strategy and growth path. Edited excerpts:The company had a 35.7 per cent drop in net profits for the nine-month period ended December 31, 2013. Do you see better numbers going forward?Our profitability is a function of the normal business plus the function of some dividend payouts and buybacks. Profits are a function of the underlying business growth. So, I am bullish over a long period of time on our business. Our focus is to build a large franchise around customers, though margins might be under pressure. I'm certain that sustainabl

We are trying to rebuild the selling process: Pankaj Razdan

Interview with Co-CEO (asia-pacific), Deutsche bank

We seek more flexibility in priority-sector lending: Gunit Chadha

Munish Sharda

Q&A with Managing Director & Chief Executive Officer, Future Generali India Life Insurance

Q&A: Munish Sharda, Managing Director & Chief Executive Officer, Future Generali India Life Insurance'Our focus will be to be profitable with high persistency'

Anuj Agarwal

Private life insurer Bajaj Allianz Life Insurance plans to launch two products every month under the traditional product regime implemented from January. In an interview with M Saraswathy, Anuj Agarwal, who took over the MD & CEO of Bajaj Allianz Life Insurance few months ago, talks about the growth strategy. Excerpts:

We're thinking of a long-term health plan to be sold only by agents: Anuj Agarwal

K R Kamath

We have stayed away from head office-driven businesses

Punjab National Bank, which was cautious about growing its balance sheet in the last couple of years, now says the consolidation phase is over and the bank is now on the growth path. KR Kamath, chairman and managing director of the bank shares the road ahead in an interview with Manojit Saha.

We have stayed away from head office driven business: KR Kamath

Interview with CMD, Oriental Bank of Commerce

We plan to sell Rs 1500 crore of NPA

Interview with Secretary (financial services), Ministry of Finance

Haven't seen postal banks compete with commercial ones: Rajiv Takru

Sanjay Arya

Interview with Executive director, United Bank of India

Lending cap won't hurt as focus is now on retail loans: Sanjay Arya

Investors' preferences have undergone a change after the financial meltdown and they now prefer debt to equity, says Bajaj Capital Vice Chairman & MD Rajiv Bajaj

Our delivery model is going to be online, mobile app-based: Rajiv Bajaj

Uday Kotak

UDAY KOTAK, executive vice-chairman and managing director of Kotak Mahindra Bank, says the total stress in the banking system is about Rs 10 lakh crore, of which 35-40 per cent could turn bad. This might require a recapitalisation of Rs 3.5-4 lakh crore in the next three years. Ahead of the three-day Kotak Annual Global Investor Conference, to begin in Mumbai on Monday, he also tells Latha Venkatesh of CNBC-TV18 that India might get a higher share of foreign institutional investor funds targeted at emerging markets. Edited excerpts:The title of your investor conference is 'chasing growth'. You chase when you can see growth. Are you seeing growth at all or are we still bottoming?The phrase is a good one because many Indians assumed for a long time that growth was our birthright; it no longer is. We have to work very hard to get growth. It is also clear that you need sound macro (policies) for long-term growth. India is beginning to fix its macro on a long-term basis. Growth has to follo

Recapitalisation will be a challenge for the new govt: Uday Kotak

Interview with Chairman & managing director, Dena Bank

Page 24 - Interviews

Many more entities will get banking licences: G S Sandhu