For Long-term Strategic Goals, Show Short-term Successes
An engineer by qualification, Romesh Sobti, Managing Director and Chief Executive Officer of IndusInd Bank, has spent 37 years in banking with experience of having worked in all three sectors of banking—public, private and multinational. During his career, the astute banker has been associated with ANZ Grindlays Bank (now Standard Chartered Bank) and the State Bank of India, and then later with ABN AMRO Bank N.V. for 18 years. He was the Executive Vice President, Country Executive, India and Head, UAE and Sub-Continent, at ABN AMRO when he took charge as Managing Director and CEO of IndusInd Bank in the financial year 2007-08. His strong leadership orientation led the bank to grow ten times its market capitalisation.
In a free-wheeling interview with Nirmala Vedula and Ashish Oke, former students in the Indian School of Business PGP MAX programme, Sobti explains his assessment of the prospects of the banking sector as well as his own philosophy as a banker. Private sector banks can bridge the technology and coverage gaps across state-owned and multinational banks, says Sobti.
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