V. Vaidyanathan Believes India Need More Reforms Like GST & Also Warns About Cyber Threats

Sourav Majumdar in exclusive conversation with V. Vaidyanathan, MD & CEO of IDFC First Bank discussed about The government's efforts in clearing past hurdles have prompted discussions about future expectations.

When asked about his vision for the coming years, the interviewee highlighted the importance of continuous reforms, citing GST and IBC as significant examples.

He commended the controls implemented on the corporate side, expressing optimism that the financial practices of the early 2000s are unlikely to repeat due to increased conscientiousness.

In both retail and wholesale sectors, guardrails have been established, including credit bureaus with 600 million records and cash flow controls.

However, the interviewee emphasized being cautious about lending risks in both retail and wholesale sectors, while also identifying cyber threats and operational risks as crucial areas that demand careful attention.