Deutsche Bank's ex-CEO just dropped a huge hint about what he'll do next

Anshu Jain, the former co-CEO of Deutsche Bank, left the lender under a bit of a cloud earlier this year.

The bank’s profit figures were weighed down with €1.2 billion in legal costs and fines, while John Cryan, the new CEO, said he’d make big changes to eliminate the “wasteful costs” he’d observed at the bank.

So where next for Jain, who was top dog at Deutsche Bank for three years?

India. Maybe.

He was asked about India’s prospects at a Bloomberg Markets event in London by editor-in-chief John Micklethwait and went into depth about drags on the country’s growth.

Jain said: “India needs a fundamental realignment and restructuring of long-held institutions and those things don’t happen overnight. You have to be patient, it’s a bumpy road. The banking sector in particular is ripe for consolidation and change.”

When asked whether he could lead this change, he added: “I’ve always worn my Indian identity with some pride. If there are ways I can help the country, I’ll always choose to do so.”

So get ready to see Jain teaming up with the Indian government to lead some sort of taskforce.

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