Urjit Patel Quotes

Divestment measures would improve overall banking sector health.

One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.

We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.

Should we think about separating the investment banks from the commercial banks, a new Glass-Steagall? I would be really excited to see that. I think it would be great for the economy.

We have put in place policies through supervision and regulation that has greatly enhanced the safety and soundness of the banking system.

It's extremely important for our banks to have more capital, higher quality capital.

Without a doubt, we do support a robust framework for aggregate capital and liquidity and stress-testing.

The tell the regulators that they’re cost cutting, and then they tell their customers they have to increase their prices after the deal is done.

The markets are efficient over time.

If we're going to acquire, what are we going to do differently? We came up with six rules of thumb. Whenever I've violated two of them, I usually get into trouble.

Don't act like a bank unless you are a bank. That was a really big lesson learned from 2008.

Our objective in regulation should be to put in place tough enough regulation and capital and liquidity standards that we level the playing field and make it costly.

To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.

If I could wave a magic wand, I'd break up the banking system.

Complexity and interconnectedness matter as much as size in assessing risk in banking.

We have to provide more visibility, more certainty to the investors and reduce the cost of failure.

We don't have a good legal justification for breaking up the banking system.

Many of the basic lessons of business, such as the critical value of customer service or measuring risk against reward when investing capital, have essential application in government, but not in a vacuum.

The growth that we are targeting for our bank is in line with the banking industry.

My fantasy is to break up the big banks. I wish we would end 'too big to fail' in our banking system.

After Dodd-Frank, the big banks were bigger. The small banks are fewer.

The Indian banking industry has always been full of competition, and there is enough room for growth.

In my own work, I have written about how our public sector bank officials avoid making any new lending decisions - because lending always exposes them to some (infinitesimal) risk of being blamed for the loan going wrong.

We need to change how we run banks. We need to change the culture. If we get it right, we can have a huge impact.

The biggest difference between the private sector and public sector is in the private sector, there's a sense of urgency because you have customers and you have competitors. Whereas in government, one of your major objectives is to not make any really big mistakes.