You can't merge six banks and think that nothing will happen.
Some amount of support from government and regulator is required when you are looking at resolving systemic issues.
Digital is the only way to get rid of corruption and unaccounted cash.
Those who claim that they need cash because they are unable to pay labourers are those who are not paying minimum wages.
As demand goes down, you will see prices come down.
If you want to deemphasise cash, then people should not only have an incentive for going digital but also a disincentive for doing cash.
What needs to be done is that the digital initiatives that we had started, that those get the same kind of focus, and that we now disincentivize the use of cash. If you're going to slide back into the ways that we had before this demonetization impact, then you really won't get the benefits.
Cash is not cheap. The physical infrastructure is not easy to maintain and cheap.
Our huge infrastructure that we need for keeping cash is very expensive.
In any merger, the biggest challenge is always integration of human resources because the people who are coming in have a lot of apprehension.
When interest rates are coming down, you cannot have high margins.
It is only after you are able to stand on your own feet, or have the confidence that you can stand on your own feet, should you look at doing things such as marriage or setting up a family.
I have met a lot of women who are good at math.
If a woman is financially independent, she can definitely make a bigger contribution in making big decisions and contribute much more. If a woman is financially independent, she can pursue her interests, too.
PSU banks are sole lenders to capital-intensive firms.
If you look at the international markets, for projects that are capital-intensive, the minute the construction phase is completed and production is supposed to start, normally all these loans get refinanced.
Things have their own pace, and if we work with that pace and anticipate the issues correctly, we can have good results.
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.
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.
