A Quote by Ajay Piramal
I think public sector banks need to have greater private participation of people who have skin in the game.
Related Quotes
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.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
I have publicly talked about Mexico's need to open ourselves up to the participation of the private sector in the energy sector, however this doesn't mean privatizing state-run companies.
Republican leaders have made clear they have no plans to use the power of government to stimulate the economy, invest in job creation and spur job growth. The Fed's plan is to give banks more money to finance the private sector job creation. But banks have ample cash now; they aren't lending, and the private sector is not creating the jobs. That is why we have 15 million people unemployed.
I'd like to have another opportunity to serve. I believe in service. I enjoy it. I also like coming and going, you know, because I think that my private-sector life has contributed to how I think about public-sector challenges and what I do in the public sector.
I think we should, as the public sector or politicians, stop creating an illusion that it is the public sector that drives growth and jobs. It is not. It is the private sector that does it. There is no growth without entrepreneurship.
Private sector unionization is down to practically seven percent. Meanwhile the public sector unions have kind of sustained themselves [even] under attack, but in the last few years, there's been a sharp [increase in the] attack on public sector unions, which Barack Obama has participated in, in fact. When you freeze salaries of federal workers, that's equivalent to taxing public sector people.
It's just the banks who are the latest target of the American socialist left. There is a war on the entirety of the private sector. It is the private sector that employs most of you, that services most of you, that creates the economic prosperity that our nation has enjoyed - and there is a war on that private sector, and it's being waged from the Oval Office, and its foot soldiers are on Wall Street and in other cities around the country.
We cannot just rely on the public sector or the private sector. We all need to work together.
Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.
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.
We need to make it very clear - whether it's Russia, China, Iran or anybody else - the United States has much greater capacity. And we are not going to sit idly by and permit state actors to go after our information, our private-sector information or our public-sector information.
As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks.
SBI Caps has a distinct advantage because most of our people are market recruits. We have a public sector heritage. Our challenge is to bring the best of both - public sector heritage and private sector talent - and provide a unique offering.
People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector.
There is definitely a need for increasing capacity in higher education; a large part of this is being met in the technical education segment by the private sector and in the non-technical by the state sector. In the public sector, we will do whatever we can afford.
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