Said, India should get back to 8% over the next two-three years provided the global GDP (Gross Domestic Product) does not slip dramatically from where it is.

He said the bank is focussed on building its loan book by about 10-15% in FY10.

Uday Kotak: Satyam is a great example to start with. I sit back and wonder whether if Mr. Raju had not tried to do the merger and and or confessed - would the system have ever found out what he was up to? And what he did for seven years - could he have gone on for a long time? And at the heart of this governance, I believe is the question about integrity of course, of promoters but also of third parties whether it’s auditors or rating agencies. And, we really need to go to the heart of this because a capital market system can sustain itself only if some of these very foundations of governance are in place.

On a situation like Subhiksha - first, let me clarify that we are relatively smallest exposures compared to most other banks. There are about 20-25 of them. Again at some level, we need to ask the question - whether there were issues which are deep rooted to how managements run Indian companies? And we got to ask these questions pretty deeply.


source: MC