Arundhati Bhattacharya Quotes

They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.

It is the quality of lending over the quantity of lending.

Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.

I learned how to lend money by cleaning up the messes of others who had made loans before me.

A financial institution has the task of taking risks, and if it's a well run institution - say, Goldman Sachs - it tries to cover the potential losses to itself, but only to itself.

One of the risks for anybody in the lending business is that being conservative can harm your competitiveness.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

Expertise and judgment in the art of lending for novel ventures must be reacquired.

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.

If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.

Making loans accessible to millions of the previously unbankable customers is a noble goal. Getting them hooked to such loans isn't.

For years, critics of Fannie Mae have warned that it does not give them enough information to judge its risks.

The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are.

If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans.

I'm afraid sometimes certain individual cases of defaults are unavoidable. What we should do is to step up monitoring, properly handle relevant matters, and ensure there is no regional and systemic financial risk.

The ability to scale up is hard. So the best model for us is concentrated India, diversified financial services, and through this, we can get significant scale on an Indian platform.

If you are in banking and lending, surprise outcomes are likely to be negative for you.

Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.

Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line.

Banks lend by creating credit. They create the means of payment out of nothing

We have solid financial institutions, but they lent very little. So with the financial reform, we wanted to push them to lend more and to encourage the development bank to create instruments for lending mainly for micro and medium-sized companies.

You want banks to take some risk, but intelligent risk.

You can't grow unless your banking system is expanding and you are extending credit.

When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a number of firms were not dotting the i's and crossing the t's when it comes to risk management.