Anil Chaturvedi is a renowned banker. He has been working with the top international banks for quite some time now. He specializes in investment, corporate, and private banking. Also, he has a great deal of experience on corporate advisory business especially when it comes to cross-border transactions between India and Europe.
Anil Chaturvedi has been in the banking industry since the year 1970s. He has worked with the institutions like Merrill Lynch, State Bank of India, ANZ Grindlays and many more. Currently, he holds an important position at Hinduja Bank of Switzerland. According to Anil Chaturvedi, many people know that banks play an important role in the economy of any country. However, they don’t understand exactly why.
Anil Chaturvedi says that there are about four different kinds of banking: corporate, business, private, investment as well as retail banking. The private banking serves the high-net-worth people; retail banking serves consumers as well as small businesses; corporate banking serves large corporations and Business banking serves mid-sized businesses. Unlike other types of banking, Investment banking mainly focuses on the financial markets. They offer services to entities who intend to pursue a merger or intend to raise capital.
According to Anil Chaturvedi, the major role of the banks is to ensure people can save and also borrow money with ease. They use funds deposited by savers when serving borrowers. These institutions also provide checks, safety deposit boxes, and process payments to their clients. Anil says that banks help people keep their money safely. He says that although some peoplne may choose to keep money on their own, it can be challenging when it comes to providing the kind of resources that banks provide. Banks also facilitate secure payments.
About Anil Chaturvedi
Anil Chaturvedi has been in the banking sector for about four decades. He has a wealth of experience when it comes to commercial banking, private banking, and investment banking. He is an alumnus of Meerut University where he acquired his degree in economics in 1971. He acquired his MBA from Delhi University in the year 1973. He has held several important positions at institutions such as State Bank of India. Nowadays, Anil Chaturvedi is the managing director at Hinduja Bank Switzerland.