Jan 12, 2008

Heard during Infosys Q3 Results

Udyan Mukherjee: Do you think banks have been offering these kind of products, have you been offered to indulge or play in theses kinds of exotic products(a midcap technology company, Hexaware actually had a big loss because of some exotic products that they were doing on Forex)?

Balkrishnan(CFO of Infosys): Yes, that is the job of the bank, they will try to sell all the products, we have to understand the risks and do some of the products and the ability to understand the risk is very important. The banks will come and sell all the products, which they have in their portfolio; you have to pick and choose what is good for you and do it.

And what is the job of Infosys?
Selling products to bank. ;)

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