amitabh chaturvedi::But the banking world still talks about your perceived connections with your former employer reliance adag a group, which may be interested in a banking licence amitabh chaturvedi

amitabh chaturvedi::But the banking world still talks about your perceived connections with your former employer reliance adag a group, which may be interested in a banking licence.
I guess two years ago it was a perception.
I do not see this question coming to me often.
In the past, if i met 10 people, eight would ask me this question.
Now it is only one out of 10.
This perception is not there anymore and this rumour is baseless.
But your net and operating profits are lower than when you took charge, and npas are higher too.
Our npas as a percentage of assets have come down.
But in absolute terms, they are higher.
For any startup organisation, there is a gestation period.
Even though it was a running bank, we have had to do a complete overhaul.
We had branches but never had staff.
The bank had computers but never had technology.
Also, the bank never advertised.
Today, a bank requires a certain minimum infrastructure.
Last year was the investment phase.
In one and a half years, we had 2,500 employees, refurbished branches and invested in technology.
This was the reason why our profits fell.