Chanda Kochhar, MD & CEO ICICI Bank hails the passage of the Insurance Laws (Amendment) Bill and says it is one more source through which capital can come into the country to support growth.
Chanda Kochhar, MD & CEO ICICI Bank hails the passage of the Insurance Laws (Amendment) Bill and says the bill will now unleash a new set of reforms and a source towards bringing in capital.
Below is the transcript of her interview on CNBC-TV18
Q: It is finally a done deal. The Rajya Sabha has given the go ahead for the insurance bill. Now that it is a done deal what does it mean for you?
Kochhar: It is a very welcome step for the country. It is a much awaited step for the country and it unleashes one more source through which capital can come into the country to support growth.
Q: What about your own plans? The last conversation that you and I had, the uncertainty was hanging over whether this bill would go through or not and you said you are exploring multiple options. The listing option bringing a partner onboard option and so on and so forth. Where do things currently stand as far as your own plans are concerned?
Kocchar: The bill has just been passed. So, nothing can change in the last few minutes but I continue with the stand that there are multiple options and all the options remain open and this is just one more welcome step in kind of helping bringing capital in the country.