Payments banks can also act as business correspondents of other banks.
When we look at the credit growth, we should look at it in its totality. Let us not only look at the non-food bank credit growth but also look at the growth across all the instruments of financing.
I believe that India's long-term growth story is strong, and foreign investors are keen to be a part of it.
Every quarter, we need to see the portfolio and follow the accounting practice of mark-to-market that values investments according to the prevailing market prices and at the price at which they are made.
I thought work and family complete life. Aarti's enthusiasm and energy levels made me realise that life can be even more wholesome and fuller.
In India, we have the opportunity to give innovation the kind of scale that no other country in the world can.
I was only a young girl of 13 when my father passed away from a sudden heart attack, leaving us unprepared to take on life without him. We had been protected from life's challenges so far. But without warning, all that changed overnight.
No one thing can change the face of any sector.
A demography that is digitising rapidly, and the potential to invest in infrastructure, are the key strengths of India.
Our approach on lending has always been that we will lend to India-linked assets, because that's the risk that we understand, and that is the business that has been doing very well.
The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and distribution of third-party products.
I think India's growth itself will give opportunities for Indian banks to become substantially bigger.
Punjab is central to our business strategy, and we are an active partner in the state's growth.
Successful strategic vision lay in the fact that we visualized the retail business to be much bigger, ahead of what others thought it to be.
I think it's important to celebrate your successes. It's important to feel happy about them, but it's equally important to look forward to the next big move.
All three of us - two sisters and a brother - were brought up with an emphasis on academics.
Business models that are relevant today are not relevant tomorrow and were not in existence yesterday.
She worked hard till she saw all of us through college and we became independent. I never knew that my mother had such a wealth of self-assurance and belief within her.
Any of our businesses will not exist in the form that is today, will not exist in the same form one year later, two years later... We have to worry about the disruptions in the business models and the practices.
Lending has come back in retail; it has come back in working capital. It has also come back in other forms, like government contract being given out to companies.
If there is a course that is quant-oriented, you need to focus on that, but if it is a course that is more general management-oriented, do you not need entrance examinations which are more all round?
Mark-to-market losses are not real loss. It's a notional loss. What we can monitor is the credit quality of the underlying papers. Are the companies paying interest on time? Is there any deterioration in the credit quality of these companies?
Innovation is a necessity.
I always believe that, as you start out, while you should have a big dream - a big goal - but it's also important to move step by step. So, you know, frankly, if you ask me, when I started as a management trainee in 1984, I don't know that I really thought that I would become the CEO.
Remember to be sensitive to the feelings of people around you.
