NaBFID Chairman K V Kamath On Indian Banks | NDTV Profit - video Dailymotion

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Is #RBI coming down heavy on Indian banks?   #NaBFID Chairman K V Kamath in conversation with Tamanna Inamdar.   Watch the whole interview: https://bit.ly/49Cz40H

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00:00 I am not asking you to make a specific comment on any bank, but recently because you talked

00:04 about NIMS, this was the big talk in the markets and one particular very large private bank

00:09 got punished quite severely by banking analysts and the stock market.

00:13 There were concerns.

00:15 Was it an overreaction?

00:17 See I don't want to comment on any bank, but if I were to look at any particular bank and

00:22 see whether it has been punished or whatever the market does, I would look at is there

00:29 anything fundamentally wrong which you need to punish.

00:32 I don't see anything fundamentally wrong.

00:34 So I think a lot of things are probably not understood by the analysts in terms of or

00:42 people who then decided to, because there is nothing fundamentally wrong with any bank

00:47 in India as I see.

00:50 I want to speak a bit about a lot of RBI action recently going on for the last few months.

00:55 It started with a curtailment of smaller loan takers, small ticket loans.

01:00 You saw that pan out.

01:02 Then there was action on AIF investments for banks and very recently an action on a fintech

01:09 player which some in the industry are saying is a punch in the gut for the fintech space.

01:16 Do you think the RBI is coming down heavy?

01:19 Again, I don't want to talk about any specific case or events which are specific, nor of

01:27 regulatory action, but I want to talk about it maybe at a, slightly from a distance as

01:33 it were.

01:36 I've been in a regulated environment most of my career, at least since I assumed leadership

01:43 roles in the bank.

01:47 The regulator in India to me has laid out things very clearly.

01:52 It is for you to follow what has been put down and operate within the guardrails that

01:58 have been laid out.

02:01 Now this is necessary because ultimately the regulator is overseeing the health of the

02:06 system and the savers' money.

02:09 So anything that is then out of line, action needs to be taken.

02:15 So I would see regulatory action that is taken in the last six months or whatever, consistent

02:20 with that policy.

02:22 The key is the trust that the saver has imposed in the regulator and consequent to which he

02:30 has put money into an institution.

02:32 That trust has to be looked after.

02:35 I think this is what drives all regulatory action.

02:39 [Music]

NaBFID Chairman K V Kamath On Indian Banks | NDTV Profit

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