News Hour- Infosys has managed business well, new cadre of leadership is good: NR Narayana Murthy

In an interview with ET Now, NR Narayana Murthy, Chairman Emeritus, Infosys talks about his first new year celebration in 30 years without Infosys and the outlook for the IT sector in 2012. 

"It is true that this is the first year when I will have no association with Infosys. So far, looking at what has happened, Infosys has gone on well. We have a good cadre of leadership, they are all enthusiastic, hard working and smart. I think that Infosys will continue its march without me."

Talking about the IT sector, 2011 has ended with a lot of anxiety and fear over weakening demand, falling rupee. What is the outlook for 2012? Since US is showing some signs of recovery, can we be optimistic? 

The industry stalwarts will make their statements in the next 2 or 3 weeks. I would leave it to them. Having said that, the industry has realised that it is important to work even harder, work smarter, convey even better sense of value leverage to the customers. From whatever I hear from people in the industry, they are all working hard to make sure that India continues to be a successful player. My best wishes to the CEOs of every company.

There has been a lot of talk about whether time has come for Catamaran to exit SKSMicrofinance... 

No, we have not had any discussion on that. Mr. Arjun Narayan, the Managing Director will be the person who will make the decision. However, as of now we have not thought about it.

SKS was the poster boy of microfinance. Do you think that the scenario has changed and the microfinance model itself is under the scanner now? 

In some sense it is good that there is a new set of regulatory suggestions from RBI. The industry needs it and somebody of a very high calibre has made suggestions. Regulation is good. As long as there is a good set of regulations, the industry will have incentives to succeed even better. It was not there earlier and hopefully we will have it now.

Has it turned out to be a disappointment for you personally? 

No. I am all for regulation. I am all for making sure that it is a level playing field, making sure that there is fairness to the loanees. I am all for making sure that the industry grows by investments.

(Source- http://economictimes.indiatimes.com/)