'Every businessperson I talk to thinks of India as a land of opportunity': Brian Moynihan, CEO, Bank of America

Bank of America CEO Brian Moynihan says India is the fastest-growing major market globally, offers huge opportunity, and will need large amounts of capital to sustain its growth. He praised Prime Minister Modis consistent reform agenda, including Make in India, but urged regulators and bureaucracy to make doing business easier, especially around operational and data rules. His guidance to Bank of Americas new India CEO is clear: improve profitability, use capital efficiently, and manage risk prudently.