The US-based banking major JP Morgan and Co was looking to invest $800 million to $1 billion in Indian private equity market over the next two years, said Kalpana Morparia, chief executive officer, JP Morgan India.
According to her, the company would be investing through both equity and quasi equity instruments across various sectors.
Talking to reporters on the sidelines of a Confederation of Indian Industry Karnataka – Women Business Leaders Forum conference here on Friday, Morparia said, “we are always on the look out for growth in India given the sheer size and scope”. She further stated that the bank was keen “on both organic and inorganic growth opportunities” in the country.
“There has been no sense of diminution in our interest in emerging markets and we still have a very strong thrust on markets such as India and China, given the strong GDP growth” said Morparia, stating that the view on the mid to long-term viability of the
Indian stock market was bright.
However, she said that the bank was not keen on foraying into the retail-banking sector and currently planned to remain focused on corporate banking, asset management and investment banking.
Morparia also opined that despite the current flat rate of inflation, interest rates were expected to remain unchanged, with no likelihood of an immediate fall.