Abhijit Joshi Interview on Customization of trust

Abhijit Joshi is the Founding Partner of Veritas Legal. He was the senior partner and chief executive officer (CEO) at AZB & Partners until November 2104. He has been involved in some of the major landmark deals, such as the Rs 5,150 crore Tech Mahindra - Satyam Computer Services merger, Usd 2.6 billion Tata -Docomo transaction among many others.

According to Abhijit Joshi, the Indian Trust Act, introduced in 1882, is not as vibrant as its equivalent in many other jurisdictions. It is very robust in terms of jurisprudence but immobile in terms of newer concepts, he explains.

Abhijit Joshi says that Indian promoters are very wary of product pushing. So private banks need to be less marketing-oriented and instead must focus on creating value for individual clients.