Anil Chaturvedi is one of the most respected figures in the banking industry today. It was in 1971 that he graduated from India’s Meerut University. At that time he obtained his bachelors degree in economics. Anil then went on to earn his masters degree from the Delhi School of Economics in Delhi, India. Since his graduation from college, Anil Chaturvedi has been in a number of high profile postings in the highly competetive world of banking. These positions include working for the State Bank of India in the role of a branch manager and later as the head of the North American brand of ANZ Grindlays Bank located in New York City, New York. He also spent time working for Merrill Lynch. Currently, Anil is serving in the role of managing director for Hinduja Bank in Switzerland. Anil has a reputation as a foremost expert in the areas of investment banking as well as private and corporate banking. He regularly serves as a corporate advisor in the area of international transactions between India and Europe.

 

Anil Chaturvedi recently had a lot to say about the role of banking in a global economy. He notes that there are in fact, several types of banks that include corporate, private and retail. There are different types of banks for different types of customers with different types of needs. Of the different types of banks that exist, investment banks exist in a niche that is quite definitively their own due to the fact that they don’t take deposits and instead provide services to different individuals, businesses and organizations that need to find ways to raise necessary capital. Investment banks also work in the role of assisting with acquisitions and mergers.

 

The major factor that Anil Chaturvedi wants consumers to remember is that though banks sometimes get a bad reputation, such as the pr that they received during the financial crisis of 2008, the fact is that banks are a necessary entity and critical to the way that capitalist, free market economies work. Without the existence of banks, the reality is that entrepreneurs would be left with few real options in terms of their ability to generate the needed startup capital for their business ventures.

 

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