Dimon, the longest-serving CEO of JP Morgan, told TOI in an interview that banking That’s one of the things that governments don’t do well.
“If you start giving loans for political purposes, they’ll be bad loans. I’m optimistic because your government has generally tried to do the right thing, and this is one of them,” Dimon said in the interview. .
When it comes to bank privatization, what matters is what rules and restrictions are placed on those banks, Dimon said.
He said that if the government gets transparency, rule of law, ability to govern and accounting powers, then there will be vibrant banks.
Dimon said India can attract a lot foreign direct investment If it “does a lot of things around financial market transparency properly and international bank”
Asked if his plans for India have changed with the pandemic, Dimon replied that his company has been in the country for a long time.
He said, “India has long-term growth potential. And how well this growth will be, will depend on the seriousness and extent of your policies and implementation of the policies.”