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Infosys' KV Kamath says the best advice taught him to always challenge the status quo

Infosys' KV Kamath says the best advice taught him to always challenge the status quo

K.V. Kamath, Non-Executive Chairman, Infosys and ICICI Bank says the best advice taught me to always challenge the status quo and to not be daunted by a change in orbit.

K.V. Kamath, Non-Executive Chairman, Infosys and ICICI Bank K.V. Kamath, Non-Executive Chairman, Infosys and ICICI Bank
I remember an interaction with Mr N. Vaghul in 1985, around the time he joined ICICI as its chairman. At the time, I was responsible for ICICI's leasing business, and Mr Vaghul called to ask me whether we were looking at a large aircraft leasing transaction which was being talked about in the market.

I gave him several reasons why we could not do the deal: it was too large, we had a limit of Rs 1 crore per deal, we didn't finance publicsector enterprises and so on. Mr Vaghul heard me out patiently and simply said: "If that is the policy, perhaps it is time to revisit it." That was a breath of fresh air! We ultimately did not do the deal, because it was indeed too large for us at the time, but we learnt a lot from just studying it. That piece of advice from Mr Vaghul taught me to always challenge the status quo and to not be daunted by a change in orbit.