'Corporates are investing through cash accruals'
Mint Mumbai|January 15, 2024
Cash is not going out to repay bank loans, but to fund the business, says K.V. Kamath
- Ranjani Raghavan
'Corporates are investing through cash accruals'

Veteran banker K.V. Kamath, 76, the former chief of BRICS countries’ New Development Bank and known primarily as chairman of National Bank for Financing Infrastructure and Development, spoke at the Mint BFSI Summit and Awards last week. Kamath touched upon a variety of topics including the growth of the Indian economy, possible challenges, the private investment cycle, recent RBI regulations and the fintech ecosystem. Edited excerpts:

On the India growth story

I think we have clearly proven several things to ourselves that we could ride, first, the covid crisis, because it now looks like it is a distant memory. But for me, it was fresh because that was probably the first event in my life, where I did not know where we would head.

The pleasant surprise was how quickly the Indian industry bounced back, and how well the economic conditions and the whole process of stabilizing was done, both by the Centre and the Reserve Bank of India. And within six months, corporates came back, more efficient than they were. I think the hidden gain there was probably a 25% productivity bump, which yet no economist (has) talked about.

On private investment cycle

この蚘事は Mint Mumbai の January 15, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Mint Mumbai の January 15, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

MINT MUMBAIのその他の蚘事すべお衚瀺
Small loans can spell big trouble for Indian banks
Mint Mumbai

Small loans can spell big trouble for Indian banks

Watch out for signs of stress in India's micro-finance sector. Bad loans, even if small, extract a cost by way of reduced profits as well as higher interest charges on credit across the board

time-read
2 分  |
November 14, 2024
Mint Mumbai

India should redesign its public safety signs to save lives

Mind studies suggest that the use of photographs depicting fear could trigger safe behaviour

time-read
4 分  |
November 14, 2024
Burberry is looking like a fine acquisition target this winter
Mint Mumbai

Burberry is looking like a fine acquisition target this winter

This brand known for its chequered story can surely perform better

time-read
3 分  |
November 14, 2024
The Washington Consensus has collapsed and it won't be missed
Mint Mumbai

The Washington Consensus has collapsed and it won't be missed

The combination of free-market capitalism and electoral democracy that it promoted has failed to serve everyone equitably

time-read
4 分  |
November 14, 2024
India's statistics ministry has a new sense of purpose
Mint Mumbai

India's statistics ministry has a new sense of purpose

The flurry of activity to get India's statistics right is laudable but we await regulatory design clarity

time-read
3 分  |
November 14, 2024
The rupee could suffer collateral damage if a currency war ensues
Mint Mumbai

The rupee could suffer collateral damage if a currency war ensues

The US election is a game-changer for foreign-exchange markets that will test the rupee and RBI

time-read
3 分  |
November 14, 2024
PASSIVE INCOME STRATEGIES FOR MSMEs: SECURE GROWTH, STABILITY IN UNCERTAIN TIMES
Mint Mumbai

PASSIVE INCOME STRATEGIES FOR MSMEs: SECURE GROWTH, STABILITY IN UNCERTAIN TIMES

I Forging diverse passive income streams takes time, but steady approach builds a strong base

time-read
3 分  |
November 14, 2024
Mint Mumbai

Securing financial future of a child with special needs: A parent's guide

If you have a special needs child, especially with communication disability, how can you best secure his or her financial future?

time-read
1 min  |
November 14, 2024
A simple guide for NRIs to invest in Indian MFs online
Mint Mumbai

A simple guide for NRIs to invest in Indian MFs online

Unlock a wide range of investment options from anywhere with just a few simple clicks

time-read
4 分  |
November 14, 2024
HOW FOUR INDIAN STATES ARE WOOING FOXCONN
Mint Mumbai

HOW FOUR INDIAN STATES ARE WOOING FOXCONN

The Taiwanese manufacturing powerhouse has already invested $10 billion. Now, it wants to expand

time-read
7 分  |
November 14, 2024