bank

“Banks structurally cannot give small ticket loans It just doesn't work out as an economic economically for them. So the alternative is a local money lender, but if you have a digital lender that can service you in the right economics and make the product profi…”

“And in fact, it's probably generally seen as a negative signal if they have worked at a bank. Not always, but many times.”

“Banks are very limited in what they do and whatever they want to do, they want collateral. First generation founders don't have that flexibility of offering a, you know, large house or legacy property, et cetera.”

“Let's look at this next two years, basically when there is a lot of funding crunch going to happen in the market. Fintechs would stop this cashbacks. They would actually, you know, slowing, slowing down on the customer acquisition. This is where banks would be…”

“Next, what I'm seeing is more and more embedded BFSI related, embedded banking payroll systems connecting with banks, more and more banks coming forward to integrate with payroll systems and so do insurance providers so that the, there's convergence between ba…”

“Someone like a crazy bee can acquire a customer for 300 rupees. A bank today for a credit card customer, it costs them 7000 rupees, right?”

“The market is large because I think in India, you know, banks still cater to, I would say, largely the top 20% for various reasons. It could be the diverse geography. It could be the unorganized nature or the spread of people that were there, or it could be th…”

“So for instance, HDFC as a NBFC could lend to land. It was one of the largest lenders to land. Banks cannot lend to land.”

“Banks are no longer the indicators of the economy in India, as far as I know.”

“As a shareholder of a bank, I will say that banks should always take equity in case they may forgive. Even one rupee of a loan. If I forgive one rupee, I should have equity against it.”

“Indian economy, the bank is a relatively smaller portion of the overall scheme of things. There may be, 12% at max. And this is banks plus NBFCs put together. It's about 12% of economy. But the index is overrepresented.”

“If you look at all the ATMs today in the country, they are not managed by the banks. The ATMs are managed by a vendor.”

“Banking was like a sunrise sector at that point in time, because earlier banking was very limited to people walking into the branch, but this whole concept of bank walking up to you was very new in back in 2001, 2002. And they needed people who understood dist…”

“If I have to build a, let's say a new bank, I think it's, India is the hardest country to build a new bank.”

“We're still very bullish on crypto, right? I mean, crypto has gone through lots of ups and downs and lots of cycles, but the ultimately ultimate idea of rebuilding the financial system on a global scale in an open source environment. Is still a very attractive…”

“Part of our pain in the fintech system is that neither the fintechs nor the banks, unregulated, regulated, and the regulator have remained true to this three lane model while everybody says this is the right model.”

“Whereas if you compare it with banks, once they move out from IITs and go towards other instit institutes, tier two, tier three institutes their NPS shoot up to close to around a 10% sort of level.”

“So banks and telecom companies and healthcare companies, while their engineering and innovation has stepped up in its velocity, the main bottleneck now is compliance, security, and just general resilience.”