Bandhan endeavours to be a holistic financial services group: Karni S Arha

The market-share drop is temporary in nature; it is a reflection of the interest rate, equity market, and the overall business environment

KARNI S ARHA, managing director, Bandhan Financial Holdings, talks about the reason behind the acquisition of IDFC Asset Management Company (AMC) — the largest deal in the segment so far — in conversation with Manojit Saha. Edited excerpts:

What is the reason behind the acquisition of IDFC AMC?

Within financial services, asset management is one segment which is growing at a healthy pace. Even if you look at the trend of the past decade, it has a normal run rate between 15 per cent and 17 per cent.  It is likely to continue in the same range for the next 10 years.