Arundhati Bhattacharya, Chairman, State Bank of India
"Demonetisation has more or less, been a success. It has released a huge amount of resources that have remained in the banking sector. Not all of it has gone back, thereby raising the liquidity and enabling the lending rates to come down."
"Even though the usage of digital may have come down from the peak, it’s still substantially above what it was at this time last year. We covered about three years of digital adoption in a matter of 60 days [post demonetisation]."
"Aadhaar is really saving the government a lot of money. It’s really and truly taking away ‘the ghosts’ in the system. It is enabling proper targeting [of subsidies] by understanding what a fellow has and doesn’t have."
"Indian banks need to be capitalised more. In the last 10 years, China invested about $127bn; US around trillion dollars; India just $17bn."