Don't worry about negative feedback. Ask if you are learning something: Dr Nachiket Mor's advice to India's young students about the career they choose.
Nachiket Mor is a man of ideas. He is so passionate about his projects that sometimes he overpromises and fails to live up to expectations.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
After a 25-year stint at ICICI Bank, Mor suddenly quit as he wanted to add more value in the bigger areas of health care and financial inclusion.
The panel also recommended unified Financial Redress Agency under Finance Ministry for customer grievances.
Nachiket Mor, president of ICICI Foundation, talks to B Mahesh Sarma about a number of issues -- from education, career, teaching in his mother tongue to the constant quest to push the needle further.
Nachiket Mor is today championing the concept of residential bridge schools for dropouts.
ICICI Bank on Friday reshuffled its management as Nachiket Mor, an executive director, decided to quit. The board, at its meeting on Friday, promoted deputy managing director Chanda Kochhar as the joint managing director and chief financial officer (CFO) of the bank. The incumbent Group CFO Vishakha Mulye has been made executive director of the bank's subsidiary, ICICI Lombard General Insurance.
ICICI Bank said on Thursday it has constituted a Rs 100 crore (Rs 1 billion) loan fund for assisting companies engaged in the green business or abetting eco-friendly activity.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
India's second largest lender ICICI Bank sees domestic lending rates gradually hardening in line with the international trend.
ICICI Bank will offer shares to Japanese investors without getting listed in Japan as a part of its upcoming Rs 2,300-cror
RBI had received 72 applications for small finance bank licences.
Kini, is set to return to the United States in June, and will launch his venture in the environment space.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
A 10-hour RBI central board meeting, on November 19, decides to set up a panel on the economic capital framework for the central bank and directs it to give forbearances to small businesses.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
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The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
A RBI constituted panel on financial inclusion headed by Nachiket Mor had recommended the setting up of the payments banks in order to deepen access to finance.
Amidst rising demand from banks that they be allowed to increase user fees and limit free ATMs, RBI Deputy Governor K C Chakrabarty said it is "ridiculous" for a bank to charge its own customers for these services.
Twenty-six entities, including the Tatas, Aditya Birla Group, Anil Ambani-led Reliance Capital and Religare, apart from India Post, applied. Videocon Group, later on withdrew its application.
India's forex reserves recently declined by $704 million to $354.517 billion.
The framework governing customer protection should consist of fairness and transparency of rule.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
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Reliance, Birla Group, Airtel eye small finance banks.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
The intial round of efforts did not achieve the objectives fully.
The meeting will be attended by all heads and EDs of public sector banks
The greatest progress on civil rights in the United States since Abraham Lincoln was under the Southern Democrat Lyndon Johnson, the past master of wheeling and dealing in Congress.
'Government of India has the right to give directions to RBI'.
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
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