Latest news with #AnilGupta
India.com
7 days ago
- Business
- India.com
Meet Indian who used to earn Rs 1350 per month, now owns Rs 50000 crore business, not from IIT, IIM, VIT, he is..., his business is...
Meet Indian who used to earn Rs 1350 per month, now owns Rs 50000 crore business, not from IIT, IIM, VIT, he is..., his business is... Sometimes, where we begin has little to do with where we end up. While most individuals spend their lives blaming a lack of resources and opportunities for their stagnation, only a few turn challenges into stepping stones for success. Anil Gupta is one such example. He started his journey with a low-income job, but through determination, he built a thriving business. Not to forget, Anil Gupta is the mastermind behind two successful ventures: Microtek and Okaya. Hailing from Hansi, a small village in Haryana, Anil Gupta developed a deep fascination for electronics at a very young age. Anil Gupta took admission at the prestigious Birla Institute of Technology (BITS, Pilani) to study Electrical and Electronics Engineering. After completing his studies, he took up a job that offered him a monthly salary of just Rs 1350. However, driven by a desire to aim higher and do more, he decided to leave the job in 1980 to pursue greater ambitions. At the young age of 18, Anil decided to leave his job behind. His goal wasn't just to talk about innovation, but he wanted to bring it to life in India. His first groundbreaking step came in the early 1980s when he introduced optical fibre cables to the country, a revolutionary idea at a time when the technology was still unfamiliar to most. Next, he ventured into manufacturing computers and CPUs. However, constant power outages disrupted the production process and made operations unstable. While many would have seen this as a setback, Anil saw it as an opportunity. If electricity were the obstacle, then finding a solution to that problem would become his business. In 1989, Anil started sourcing electronic parts from Delhi's Lajpat Rai Market, a bustling hub for tech components. With vision, he co-founded Microtek, India's first brand to introduce mono monitors. But he didn't stop there. Microtek soon evolved, branching out into colour monitors, power solutions, and motherboards. Over time, it grew into a household name, earning the trust of millions and becoming a pillar of India's electronics industry. But Anil's ambitions went far beyond just putting components together, he was driven by a commitment to quality. Determined to raise the bar, he borrowed funds from his uncle and traveled to Taiwan to source advanced components firsthand. This bold step enabled Microtek to introduce India's first computer-controlled LED display, firmly establishing the brand as a pioneer in tech innovation. By 1993, Anil had set up a fully indigenous monitor manufacturing unit in Kundli, Haryana. The factory didn't just cater to local demand—it attracted major clients like IBM, Olivetti, Acer, and HCL, marking a significant milestone in India's electronics journey. In 2001, Anil launched Okaya. Reportedly, he owns owns Rs 50000 crore business. 'Born on 20th November 1962, Anil Gupta rising from a modest background to passing through prestigious BITS Pilani with a degree in Engineering and starting a career as a teacher of computers and electronics has come a long way in his illustrious business career. Way back in the late eighties, he introduced the first-ever electronic signboard in India, thereafter ventured into computer peripherals and subsequently manufacturing computers and CPUs. Frequent power cuts during those times compelled Anil to create Microtek Inverters and rampant unfair practices in trade, slackening customer care services all around in the industry, evolved an industry magnate who redefined the way business to be done,' reads his LinkedIn bio. At present, he is the Managing Director of Okaya Power Group.
Economic Times
23-04-2025
- Business
- Economic Times
RBI's new liquidity norms expected to boost bank lending by ₹3 lakh crore
The Reserve Bank of India's final liquidity coverage ratio norms for banks are expected to free up ₹2.7-3 lakh crore in funds for lending, economists is a significant boost for banks struggling to raise deposits and will support the economy though cheaper and more credit, they said. "With an estimated high-quality liquid assets (HQLA) of almost ₹45-50 lakh crore for the banking system, this could free up lendable resources by almost ₹2.7-3 lakh crore and support the credit growth of the banks," said Anil Gupta, ICRA's senior vice president and co-group head of financial sector has mandated banks to keep an additional 2.5% liquid assets against retail and small deposits raised through internet and phone banking. This ratio is called "run-off factor". The move is aimed at mitigating risk arising from a likelihood of substantial and quick online withdrawals. The draft norms had proposed an additional 5% run-off factor for retail deposits. This was over and above the existing 5% run-off factor for stable deposits and 10% run-off factor for less stable deposits raised through digital channels. According to RBI's calculations, the reported LCR of the banking system would improve by 6 percentage points as on December 31, 2024."This headroom can be equivalent to 1.4-1.5% of additional credit growth potential for the banking system," Gupta credit grew 11% year-on-year to Rs 18.2 lakh crore as on April 4, 2025. As LCR of banks would improve by 6 percentage points, intuitively this saving can be routed to credit, depending on the overall demand for loans, said Bank of Baroda chief economist Madan Sabnavis. "The final call will be taken by banks depending on their internal policies." Banks, which were looking to grow the share of medium-term to long-term deposits over the last couple of quarters in anticipation of stringent LCR from April this year, may now tweak their deposit mobilisation strategy in favour of raising short-term deposits, which has been the trend for several years, according to experts. "From an industry standpoint, the RBI's final circular strikes a pragmatic balance between liquidity and profitability. It enhances the robustness of the liquidity framework without unduly constraining banks' ability to lend or generate returns," said Virat Sunil Diwanji, Federal Bank's national head for consumer banking. "The revised framework also aligns better with the evolving deposit landscape, especially in light of rising digitalisation and changes in depositor behaviour." RBI data showed that 39.8% of total bank deposits for all scheduled banks combined were in the less-than-one-year bucket as of March 2024. Deposits with maturity between one year to up to three years constituted 24.7%, while 9.9% were in the three-to-five-year category, and 25.6% were of more than five-years maturity.
Time of India
23-04-2025
- Business
- Time of India
RBI's new liquidity norms expected to boost bank lending by ₹3 lakh crore
The Reserve Bank of India's revised liquidity coverage ratio norms are projected to unlock ₹2.7-3 lakh crore for banks, boosting lending capacity. This move aims to balance liquidity and profitability, mitigating risks from online withdrawals with a reduced run-off factor. Experts believe banks may adjust deposit strategies, favoring short-term deposits, while the framework supports credit growth potential. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Reserve Bank of India 's final liquidity coverage ratio norms for banks are expected to free up ₹2.7-3 lakh crore in funds for lending, economists is a significant boost for banks struggling to raise deposits and will support the economy though cheaper and more credit, they said."With an estimated high-quality liquid assets (HQLA) of almost ₹45-50 lakh crore for the banking system, this could free up lendable resources by almost ₹2.7-3 lakh crore and support the credit growth of the banks," said Anil Gupta, ICRA 's senior vice president and co-group head of financial sector has mandated banks to keep an additional 2.5% liquid assets against retail and small deposits raised through internet and phone banking. This ratio is called "run-off factor". The move is aimed at mitigating risk arising from a likelihood of substantial and quick online draft norms had proposed an additional 5% run-off factor for retail deposits. This was over and above the existing 5% run-off factor for stable deposits and 10% run-off factor for less stable deposits raised through digital to RBI's calculations, the reported LCR of the banking system would improve by 6 percentage points as on December 31, 2024."This headroom can be equivalent to 1.4-1.5% of additional credit growth potential for the banking system," Gupta credit grew 11% year-on-year to Rs 18.2 lakh crore as on April 4, LCR of banks would improve by 6 percentage points, intuitively this saving can be routed to credit, depending on the overall demand for loans, said Bank of Baroda chief economist Madan Sabnavis. "The final call will be taken by banks depending on their internal policies."Banks, which were looking to grow the share of medium-term to long-term deposits over the last couple of quarters in anticipation of stringent LCR from April this year, may now tweak their deposit mobilisation strategy in favour of raising short-term deposits, which has been the trend for several years, according to experts."From an industry standpoint, the RBI's final circular strikes a pragmatic balance between liquidity and profitability. It enhances the robustness of the liquidity framework without unduly constraining banks' ability to lend or generate returns," said Virat Sunil Diwanji, Federal Bank 's national head for consumer banking. "The revised framework also aligns better with the evolving deposit landscape, especially in light of rising digitalisation and changes in depositor behaviour."RBI data showed that 39.8% of total bank deposits for all scheduled banks combined were in the less-than-one-year bucket as of March 2024. Deposits with maturity between one year to up to three years constituted 24.7%, while 9.9% were in the three-to-five-year category, and 25.6% were of more than five-years maturity.
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Business Standard
22-04-2025
- Business
- Business Standard
RBI's new liquidity norm to free up $35 bn, likely boosting credit growth
The Reserve Bank of India's relatively relaxed final guidelines on banks' liquidity coverage ratio (LCR) is expected to free up capital worth up to ₹3 trillion ($35.24 billion) that could boost credit growth by as much as 2 per cent, analysts said. On Monday, the RBI lowered the proportion of high-quality liquid assets (HQLA) - cash, central bank reserves and federal government bonds - that banks are required to hold against digitally linked deposits, saying the net impact will improve banks' LCR by around 6 percentage points as of December-end. India's banking system, which has an estimated HQLA of almost ₹45 trillion to ₹50 trillion, could have an additional ₹2.7 trillion to ₹3 trillion in lendable resources, said Anil Gupta, senior vice president and co-group head - financial sector ratings, Icra. This is equivalent to 1.4-1.5 per cent of additional credit growth potential, he said. Macquarie's estimation of additional deployable liquidity also came in around ₹2.5-3 trillion, implying a potential increase between 1.4-1.6 percentage points in credit growth for the banking system. Morgan Stanley analysts, in a note, estimated an additional loan growth of 1-2 per cent. Also Read Slowing credit growth has remained a major cause of concern for Indian lenders and the RBI at a time when the authorities are looking to push growth. Loan growth at Indian banks moderated for an eighth straight month in February, as per central bank data. Earlier this month, HSBC cut its credit growth estimate for the last financial year to 11.5 per cent from 12.5 per cent. The guidelines would be implemented from April 1, 2026, a year later than what was proposed earlier, with the RBI saying that all banks will continue to meet the minimum regulatory requirements comfortably until the implementation. Morgan Stanley expects some benefits to be visible in the earnings for the current financial year as lenders have been maintaining the LCR at 115 per cent-130 per cent against a requirement of 100 per cent. The brokerage also estimated margin improvement of around 2-4 basis points after the implementation. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
22-04-2025
- Business
- Time of India
RBI's new liquidity norm to free up $35 billion, likely boosting credit growth
The Reserve Bank of India 's relatively relaxed final guidelines on banks' liquidity coverage ratio (LCR) is expected to free up capital worth up to 3 trillion rupees ($35.24 billion) that could boost credit growth by as much as 2 percentage points, analysts said. On Monday, the RBI lowered the proportion of high-quality liquid assets (HQLA) - cash, central bank reserves and federal government bonds - that banks are required to hold against digitally linked deposits, saying the net impact will improve banks' LCR by around 6 percentage points as of December-end. India's banking system, which has an estimated HQLA of almost 45 trillion rupees to 50 trillion rupees, could have an additional 2.7 trillion rupees to 3 trillion rupees in lendable resources, said Anil Gupta, senior vice president and co-group head - financial sector ratings, ICRA . 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Wife won't let go of dog, husband finds out why and calls police - watch! Happy in Shape Undo This is equivalent to 1.4-1.5 percentage points of additional credit growth potential, he said. Macquarie's estimation of additional deployable liquidity also came in around 2.5-3 trillion rupees, implying a potential increase between 1.4-1.6 percentage points in credit growth for the banking system. Live Events Morgan Stanley analysts, in a note, estimated an additional loan growth of 1-2 percentage points. Slowing credit growth has remained a major cause of concern for Indian lenders and the RBI at a time when the authorities are looking to push growth. Loan growth at Indian banks moderated for an eighth straight month in February, as per central bank data. Earlier this month, HSBC cut its credit growth estimate for the last financial year to 11.5% from 12.5%. The guidelines would be implemented from April 1, 2026, a year later than what was proposed earlier, with the RBI saying that all banks will continue to meet the minimum regulatory requirements comfortably until the implementation. Morgan Stanley expects some benefits to be visible in the earnings for the current financial year as lenders have been maintaining the LCR at 115%-130% against a requirement of 100%. The brokerage also estimated margin improvement of around 2-4 basis points after the implementation.
