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Top business houses spread themselves too thin: Centrum Group exec chairman

'There is difference between building a refinery and an app-based business' Jaspal S Bindra

Insolvency and Bankruptcy Code IBC,Centrum Group, Jaspal S Bindra, Punjab National Bank, PNB, SME, small and medium enterprises, PSBs,stressed assets market,Punjab national bank, PNB, Enforcement Directorate (ED), Prevention of Money Laundering Act

Jaspal S Bindra, executive chairman, Centrum Group

Anup Roy
The Insolvency and Bankruptcy Code (IBC) will ensure that old business houses that have invested in multiple areas will cut back and refocus on their core competencies, says JASPAL S BINDRA, executive chairman, Centrum Group. In an interview with Anup Roy, the former Standard Chartered Bank’s Asia chief says the loss of old-school entrepreneurs would be irreplaceable because new ones do not generally want to build something physical but something virtual. Edited excerpts:  

After the Punjab National Bank episode, the banking system seems to be becoming risk-averse. Do you think credit growth will suffer? 
There is credit demand in

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First Published: Feb 27 2018 | 11:15 PM IST

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