“You don’t learn much or do anything innovative in a business until faced with some massive obstacle and these obstacles and if it leads to failures, will teach you far more than good times can,” tells Naina Lal Kidwai, Group General Manager and Country Head of HSBC India.
In a mentorship series on CNBC-TV18, Kidwai answers a wide range of questions on Indian education, Make in India, funding, etc.
On the capital requirements of startups, Kidwai says she doesn’t expect banks to start lending to start-ups anytime soon.
“It is a space that is fraught with risks. Given the money with the banks itself is that of the public of the country, banks can’t afford to take risks with assets they may not be able to recover,” adds Kidwai before reiterating that angel investors, venture capitalists and private equity will continue to be entrepreneurs’ saviours for the time to come. Watch videos for more.
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