Govts must accept what they don’t do well, like banking: Jamie Dimon

Governments should acknowledge the things they don’t do well, JPMorgan CEO Jamie Dimon has said, explaining why he thinks the Indian government’s asset monetisation and divestment programme is a good idea.

Dimon, the longest serving CEO of JPMorgan, told the TOI in an interview that banking is one of those things that governments don’t do well.

“If you start making loans for political purposes, they will be bad loans. I’m optimistic because your government has generally tried to do the right things, and this is one of them,” Dimon said in the interview.

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