The financial sector of
India has seen many different changes in the past few years. And to add up to
it many financial companies worked hard and have enhanced the whole scenario of
the financial working system of the country. The Aditya Birla group has shown its pioneering contributions with the
focus of changing the whole outlook of the Indian people towards different
investment schemes and also giving a new meaning of non banking financial
solutions to the general public. One of the names in the board of company whose
contributions has not only helped the society but has brought up the scaling
level of the company much higher is Ajay
Srinivasan.
His
contribution to the Aditya Birla Group
Maintaining his strong
track record he has maintained his policies and investment planning in the same
manner. Working as the chief executive of the financial sector for the last
eight years in the company has seen many different changes. Under his strong
supervision the group has seen a turnover of around one billion dollar of fund
management and he has enforced and encouraged the work force of fifteen
thousand hard working financial planners who together have brought this
phenomenal victory, turning the company to the five top listed financial and
investment company both in the field of life insurance and mutual fund.
His
view on new banking license
The Indian economic
system is slowly changing its scenario, and with the advent of the new banking
license many new venues are going to open. According to Mr. Ajay Srinivasan the
Aditya Birla group is one of the
strong economic investment houses which are a part of the change. But a very
positive change will occur due to this new banking license as the new system
will help the newly set up banks to penetrate through the economic segment of
the market which has a low rate of competition. This will further give these
new banks the power to cater better service to the customers in the developing
and less costing of equivalent current flow. The latest technology will further
bring any definite changes in the analytics of the new level banking license, resulting
in high grade customer formulation of acquisition with better risk management
system and also for more convenient customer services.
The main change will be
in the sector of NBCs which will be successful as converting their operations
to banks. And it will not depend on the current economic or state business
formulations in the future or the present structure. The biggest positive
change will be that the NBFCs will change their mode of structural finance and
bring more focus on the strong building of liability funding for a support
system of the new banks. Ajay Srinivasan
interview is truly clear in front of the media clearing the basic positive
upliftment of the new banking license law and the change for the smaller market
sector through this new system on board and the following of the new regime. He
is hopeful to see a better economic support through the new formed NBC banking
sector.
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