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Byju’s was in need of an experienced guide: ex-SBI chief Kumar

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Byju’s was in need of an experienced guide: ex-SBI chief Kumar

Former State Bank of India chairman Rajnish Kumar, who advises edtech firm Byju's, shared insights on the company's priorities and the need to address governance issues. He emphasized the importance of reducing cash burn, settling the term loan, and focusing on growth. Kumar also discussed his advice for ambitious young entrepreneurs, highlighting the significance of transparency, integrity, and experienced guidance. Regarding BharatPe, a fintech company where Kumar serves as chairman, he mentioned that governance and compliance issues have been addressed, and the focus is now on profitability. Kumar also commented on the undervaluation of SBI and the challenges banks face in raising current account and savings account (Casa) deposits.

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