We have no immediate need to raise funds. We have few years before the IPO mandate kicks in; there is ample time to plan, Bindra said
Unity Small Finance Bank (Unity SFB) will try and help arrange some liquidity-- directly or indirectly-- for Punjab and Maharashtra Co-operative Bank (PMC Bank) depositors as and when they need it, the Centrum Group chairman said. The recent controversy over BharatPe founder Ashneer Grover’s personal conduct with a Kotak executive doesn’t affect Unity SFB, a joint venture between Centrum Group and the fintech firm, Bindra said.
The clarification from Centrum comes amid speculations that Bindra wrote to the RBI in the wake of the episode involving Ashneer Grover allegedly abusing a Kotak Group employee.
The underlying strength in Indian consumption and demand continues to remain strong and the country's equity markets remains a favourite for investors globally, says Jaspal Bindra, Chairman, Centrum Group.
For 55-year-old Jaspal Bindra, who was one of the poster boys of the Indian management talents in global financial markets for over three decades, this is a home coming.
Standard Chartered said on Thursday Chairman John Peace will also leave next year, and named other changes to its board in a massive overhaul in management following a run of problems for the UK bank prompted top shareholders to call for change.
Speaking to CNBC-TV18‘s Menaka Doshi, Bindra, alongwith Sanjay Nayar, chief executive officer, KKR India and Pawan Goenka, president- automotive and farm equipment, Mahindra and Mahindra shares his views on the Indian economy and the road ahead.
The weak Indian rupee has impacted earnings at Standard Chartered Bank and India needs to exercise some "fiscal control" with regards to the currency, Jaspal Bindra, CEO Asia for Standard Chartered, said on Thursday.
The country's largest foreign lender Standard Chartered today appointed Sunil Kaushal as its chief executive for India and South Asia. Kaushal takes over from Neeraj Swaroop who will relocate to Singapore as chief executive for Southeast Asia
Investors who were hoping to profit from the difference in the price of the Standard Chartered stock (on London and Hong Kong bourses) and its Indian Depository Receipts(IDRs) have been caught unawares by the latest Sebi ruling on the IDR convertibility.
UK's Standard Chartered Bank, which is the first and only foreign lender to issue Indian depository receipts, will not be required to convert their IDRs into shares as per the guidelines issued by the Sebi. Talking about the issue, StanChart's group chief executive, Jaspal Bindra said the convertibility was subject to regulations.