Budget/Wishlist - Baring Private Equity Partners India

Hi,

 

Please find below a quote from Mr. Munish Dayal, Baring Partner, Handling investments in the Banking, Financial Services & Insurance Sector, on his expectations of the union budget. Also given below is a profile of Mr. Munish Dayal for your reference and attached is his picture.

 

Quote from Munish Dayal – “The wish list would include an increase in FDI in banks from the existing 5% per Investor, increase in FDI in Insurance from 26% to 49%, passing of regulations to make warehouse receipts into negotiable investments and allowing institutional players and increased FDI in commodity brokerage business”.

 

Munish Dayal

 

Munish is a Partner with Baring Private Equity Partners India and looks at opportunities in Banking, Financial Services, Insurance & Real Estate sectors. He has nearly 20 years of experience in establishing and building businesses in the Financial Services industry in India and internationally. Previously he was heading the Small Business and Mass Markets group in Asia Pacific for Citigroup. He has worked with Citigroup for 16 years in senior roles across major markets (London, Europe, Singapore, Middle East, India) in functions ranging from retail banking, cash management, asset based finance to custody. Munish was also one of the founding members of Yes Bank and was instrumental in scaling up the SME and Mid Market product portfolio of the bank as a key profit center. Munish is an MBA from Faculty of Management Studies, Delhi University

 

Look forward to your response on the above.

 

Warm regards,

 

Rishika Jha
Associate
Genesis Burson-Marsteller

THE HOLMES REPORT, 2008 CONSULTANCY OF THE YEAR

 

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