Ex SBI Chairman on Taxes, Black market, banking crisis and Privatisation | Rajnish Kumar
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👉VIDEO INTRODUCTION:
In today's episode of the Indian Business Podcast, we have Rajnish Kumar, the former Chairman of the State Bank of India. With decades of experience in the banking sector, he shares insights on India's economic journey, the challenges MSMEs face in accessing loans, the Banking crisis after the 2008 reforms and the implications of demonetization on the economy. Kumar's extensive background and leadership have played a crucial role in shaping India's financial landscape.
This episode is a must-watch for anyone interested in understanding India's financial landscape and the nuances of entrepreneurship.
Share your thoughts in the comments below!
Timestamps:
00:00 - Introduction
2:48 - Attributes of a great leader.
5:16 - What was the business environment like in the 1980s and 1990s?
13:07 - What is a trade union, and why are companies shutting them down?
15:28 - What happened in 1991 when India decided to liberalize its economy?
23:10 - How did the nationalization of banks affect the Indian economy?
29:26 - How can citizens identify good and bad freebies?
38:33 - Why did Germany have more exports despite having a smaller population?
43:18 - Why did the banking crisis happen after the 2008 reforms?
53:55 - What is the trend of defaulting on bank loans and leaving the country?
57:47 - Why do Indian MSMEs struggle to get loans?
1:01:04 - Did demonetization help the Indian economy?
1:03:11 - Why did the black stock market boom due to taxation?
1:07:19 - How did the Jan Dhan Yojana change millions of lives?
1:14:18 - Why did Jet Airways fail?
1:16:54 - Why did Yes Bank fail?
1:19:53 - Why is Byju's a big failure?
1:22:33 - What is your advice to young entrepreneurs?
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