Quotes of All Topics . Occasions . Authors
I say what is required to be said.
Waiving debts corrupts the credit culture.
I have met a lot of women who are good at math.
We keep saying, 'No more 'band aid' solutions.'
As demand goes down, you will see prices come down.
I believe that we will benefit more by globalisation.
PSU banks are sole lenders to capital-intensive firms.
The higher interest and higher inflation is a vicious cycle.
I always focus on team building - both in office and at home.
You can't merge six banks and think that nothing will happen.
When interest rates are coming down, you cannot have high margins.
It is too expensive to have a bricks and mortar presence everywhere.
Lending rate is a function of both liquidity as well as credit demand.
Digital is the only way to get rid of corruption and unaccounted cash.
Our huge infrastructure that we need for keeping cash is very expensive.
Theoretically, every probationary officer has a chance to become chairman.
ATM is still a cash channel; we want to migrate it to the digital channel.
The capping of cash transactions will help the banks reduce cash intensity.
If you go to any boardroom... the women are, by far, outnumbered by the men.
After some time, my reputation preceded me each time I was given a new posting.
Frankly, I have a lot of interests, and I am not all that wedded only to banking.
Cash is not cheap. The physical infrastructure is not easy to maintain and cheap.
Multiple mergers can be challenging because people come from different backgrounds.
When borrowers anticipate that politicians might cancel their loans, they stop paying.
You have to go to war with a sword and a shield. You cannot go to war with bare hands.
At State Bank, all decisions are collective decisions. I have created the comfort zone.
I am not going to opt for a short-term view for a 206-year-old institution like the SBI.
You cannot take bank interest rates very sharply down: you will lose your deposit franchise.
Why should a country have to take on itself a huge burden of managing a totally cash economy?
We have been partners in nation-building and take our role in building the nation very proudly.
People are used to cash, and getting them out of that is going to be a long and tough exercise.
It is important to create credit absorption capacity rather than to just enhance lending targets.
If we want to be the banker to every Indian as we want to be, then we will have to use technology.
The move towards a unified agricultural market helps farmers get correct remuneration for their produce.
If you look at it ideologically, I would say Brexit is not something that probably is good for the world.
Brexit is actually a step back in the sense that you are going back from being connected to being on your own.
Some amount of support from government and regulator is required when you are looking at resolving systemic issues.
Disinvestments will continue to happen. If the issue is priced correctly, there's no reason why it should not sell.
Cash imposes a huge burden. We don't understand it, as it is not immediately visible. It is a huge burden on society.
It's good to be on the power list, but I don't see a practical use of it except when people introduce me to audiences.
The decision to incentivise savings for pension funds augurs well for infrastructure financing and retirement planning.
Senior officials are always looking for good juniors, so when the opportunity comes, they give you the responsibilities.
Things have their own pace, and if we work with that pace and anticipate the issues correctly, we can have good results.
Those who claim that they need cash because they are unable to pay labourers are those who are not paying minimum wages.
I believe in discussing very thoroughly what should be the goal. When discussing it, I allow others to give their views.
Once you have set the goal, give your staff the space to get there. If you micromanage, you will be able to do very little.
If you are approachable, if you keep your line of communication open, then very often, you get to hear what you need to hear.
If you are really challenged, and if you are willing to take the plunge, very often some of the path opens up in front of you.
In India, the investment banking industry is a little different. Overseas, the structures are very complicated, but not in India.
Banning cash transactions over R3 lakh will allow banks to diversify their banking activities into new areas and not mundane ones.