India’s retail market is expected to cross US$1.3 trillion by 2020, but the questions are, which is a better choice – Malls or High Street; is it a ripe time to upscale?; with the Mall rentals going down /...
Naina Lal Kidwai, Senior Vice President, FICCI at the Ficci Banking Conclave 2012 in Mumbai.
“…….I worry about technology being used to enable financial inclusion because it is a low cost solution. We haven’t quite reached there yet, as it is still not a profitable solution…..
….To use technology alone as the reason to go out into the financial inclusion space is dangerous, because at the end of the day that individual needs relationship management. So we could get into a syndrome where we have a very product-wise approach, and lose sight of what is really critical, which is relationship management.
…….Technology can be a solution in the hands of a banker, but it isn’t relationship, it is just an enabler……..”
Quick Snapshots “While the Government looks at scaling up expenditure on health from the current level to 2.5% of GDP by 2017 and further to 3% by 2022, it cannot singularly be a provider of healthcare. While the aim...
“….We certainly need more women in the talent pool for board directors — more so as we need to go beyond the mandatory one representative. I believe it is easier if there are at least two women to be heard… we need to work at bringing this to 30 per cent….”
– Ms Naina Lal Kidwai, Immediate Past President, FICCI on Companies Bill that aims to encourage more women participation in decision-making at board level (more…)
The logic of increasing the interest rates to stave off crisis in the Asian economies was often criticized because East Asian nations were already running budget surpluses in the run-up to the crisis and had tight monetary policies. But....
For long, the analysts have been betting on strong retail and financial services sector performances to help and power India – Asia’s third-largest economy. Such expectations further get a boost as more and more Indians move towards western-style consumer...