ATM is still a cash channel; we want to migrate it to the digital channel.
Your ability will get you the job, but you also need to have age on your side. So if you started your career at 21, you have an advantage over others in your batch who started at, say, 24.
Because SBI is so large, serving customers in India's big cities and small rural villages alike, it has a pressing need for better tools and technology to monitor lending risks.
When borrowers anticipate that politicians might cancel their loans, they stop paying.
Every industry, as it comes to a certain level of maturity, there is consolidation. In that consolidation, some fall, but the men will always be there. It is the boys that get sloughed, I would say.
Children should be taught in school that you should have all kinds of asset classes in your portfolio. They should be taught what those asset classes are, and their advantages and disadvantages.
Even for the people in the bank into which the other banks are merging, they also have a lot of apprehension. There is always an apprehension that opportunities will go down. There are apprehensions of displacement. Many of these apprehensions are unfounded.
Banning cash transactions over R3 lakh will allow banks to diversify their banking activities into new areas and not mundane ones.
India has a very young population which is comfortable doing business on a screen than do it one on one with a banking executive. They want quick fulfilment of desires, and may not have the time to go to a bank to get things done. Many of them are comfortable working from home.
In any merger, the biggest challenge is always integration of human resources because the people who are coming in have a lot of apprehension.
Senior officials are always looking for good juniors, so when the opportunity comes, they give you the responsibilities.
A maturing process, and growth, is always painful. You ask any teenager, they will tell you, and it's just like that for the country. We need to grow; we need to evolve.
Multiple mergers can be challenging because people come from different backgrounds.
It is too expensive to have a bricks and mortar presence everywhere.
We have been partners in nation-building and take our role in building the nation very proudly.
If you go to any boardroom... the women are, by far, outnumbered by the men.
Most of the time, women believe that what lies ahead is a precipice. Whereas, if you continue to drive and stay on the path, the road will open up in front of you, and you will reach your destination. You don't need to turn around and abandon the journey.
Some amount of support from government and regulator is required when you are looking at resolving systemic issues.
To tell you the truth, if you're looking at rising pretty high, then you need to find a way of taking care of these problems and not taking time off. At the end of the day, it is a very tough competition. And in a very tough competition, if you just take breaks, then it's going to become much, much more difficult.
In order to ensure long-term investment, it is important to make infrastructure as transparent and as bankable as possible - should be a win-win for all.
