Having a rich experience in international banking, Ajay K Khurana is the Executive Director of Syndicate Bank and has in-depth knowledge about Indian MSMEs and their role in the economy.
Ajay K Khurana joined Syndicate Bank as Executive Director in 2018. A post-graduate in Business Management with CAIIB, Ajay served as General Manager at Vijaya Bank before joining Syndicate Bank.
He has a rich experience in audit, NPA recovery, international banking, operations, information technology, and corporate credit. He has served in field operations for 17 years and four years as Regional Head at Vijaya Bank.
Ajay writes extensively about Indian MSMEs and the role they play to leverage the Indian economy. He says that Indian MSMEs are expected to play a significant role in the growth of the Indian economy and thus, the development of this segment is essential to meet financial inclusion and the generation of significant levels of employment across the country.
Ajay affirms that the ‘Make in India’ initiative has an effective impact in the area of indigenisation. He says ‘Make in India with zero defects and zero effect’ is a great platform available for MSMEs to grow globally, and stresses that availability of finance, lack of formal registration, and competitive market environment are the three main features affecting the growth of Indian MSMEs.
“MSMEs are the bedrock from which large corporate of the future evolves.”