Can tech solve for all things wrong in Indian banking sector?

By: Shrija Agrawal

“In future, banks will become technology companies with a banking licence” proclaimed Ravneet Gill, chief executive of Yes Bank, amid news that the private sector lender is close to securing fresh capital from investors, including a technology company – a non-conventional investor in banking space. The bank bringing in a tech investor affirms Gill’s statement, with the move described as ‘transformational capital’ – capital that will bring capabilities along with it.

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