India will need another 10 Bajaj Finances, 10 HDFC Banks to realise its potential, says Sanjiv Bajaj

Sanjeev Bajaj, the CEO of Bajaj Finserv advised the RBI that there is a need to keep inflation in check but there is no point taking interest rates so high by bringing down the market demand. The RBI has already hiked its benchmark repo rate by 90 basis points this fiscal year. Bajaj believes the next decade could belong to India despite the uncertainty over inflation.