<p>"We are missing out opportunities because of our timidity, due to fear of unknown....because of procedures," he said presenting the All Indian Management Association awards here, but did not elaborate.<br /><br />Indian businesses have been expanding overseas, but the last two years have seen no major deals due to the economic crisis.<br /><br />Chidambaram said success could be achieved by breaking the rules.<br />On hurdles being confronted by business and financial organisations from different quarters, Chidambaram said: "We are not letting them grow and as a result we are missing huge opportunities".<br /><br />Referring to State Bank of India, the country's largest lender, he said despite such a success the public sector bank was not big enough to play a significant role globally.<br />"SBI will have Rs 50,00,000 crore business by March 2010. But that is not big enough. I think we are not letting them consolidate...," he said, referring to opposition by employees to merging SBI's associate banks with itself.<br /><br />SBI chairman O P Bhatt, Maruti Suzuki India Ltd chairman R C Bhargava and former SEBI chairman M Damodaran were among others who received the AIMA awards.</p>
<p>"We are missing out opportunities because of our timidity, due to fear of unknown....because of procedures," he said presenting the All Indian Management Association awards here, but did not elaborate.<br /><br />Indian businesses have been expanding overseas, but the last two years have seen no major deals due to the economic crisis.<br /><br />Chidambaram said success could be achieved by breaking the rules.<br />On hurdles being confronted by business and financial organisations from different quarters, Chidambaram said: "We are not letting them grow and as a result we are missing huge opportunities".<br /><br />Referring to State Bank of India, the country's largest lender, he said despite such a success the public sector bank was not big enough to play a significant role globally.<br />"SBI will have Rs 50,00,000 crore business by March 2010. But that is not big enough. I think we are not letting them consolidate...," he said, referring to opposition by employees to merging SBI's associate banks with itself.<br /><br />SBI chairman O P Bhatt, Maruti Suzuki India Ltd chairman R C Bhargava and former SEBI chairman M Damodaran were among others who received the AIMA awards.</p>
