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MasterCard : Ajay Banga, CEO Mastercard goes back to roots; visits St Stephen's college after three decades

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10/05/2017 | 06:38pm CET

New Delhi [India], Oct 5 (ANI-NewsVoir): Ajay Banga's visit to St. Stephen's College three decades after his graduation was a poignant moment; a return to the roots of his alma mater which shaped him into the leader he is today.

In a freewheeling chat with his fellow Stephanian Amitabh Kant, CEO, Niti Aayog, Banga touched upon many topics, ranging from his time as a student to gender parity to India's economy.

Banga credited the college with instilling many crucial attributes which help him as Mastercard's CEO - calculated focus, decision making and simplicity in communication among them.

According to him, globalisation enabled by technology was the only way to break India's demographic inequalities and address issues in healthcare and education. Praising the efforts of the government, he said the Indian economy would benefit from labour reform which converts workers into the formal economy.

It all comes #BackToRoots, however; in his words, "primary education and individualised learning are key to realising India's potential."

The key mantras for success shared by Ajay are listed below:

-Primary education and individualised learning are key to realising India's potential

-Calculated focus, decision making, and simplicity in communication are key for a leader

-Globalisation and technological disruptions can help break India's demographic dividend

-Indian economy needs labor reform, workers need to be converted to formal economy to democratise productivity

-Demonetization and digitization are the right way to start on this path

-Indian higher education system is fine, we need to fix primary education. (ANI-NewsVoir)

(c) 2017 aninews.in All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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EBIT 2017 6 805 M
Net income 2017 4 872 M
Finance 2017 1 065 M
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P/E ratio 2017 33,33
P/E ratio 2018 28,36
EV / Sales 2017 12,8x
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Capitalization 161 B
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Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 161 $
Spread / Average Target 6,3%
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Managers
NameTitle
Ajay Banga President, Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Edward McLaughlin President-Operations & Technology
Martina Hund-Mejean Chief Financial Officer
Silvio Barzi Independent Director
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