Technology, UPI, and digitization have transformed the banking landscape for the future in both rural and urban areas in India.
Regulatory changes, deeper debt capital markets, technological advancements, and a shift in investor preferences may potentially alter the ranking pattern of private banks in India over a 20-year period.
As demand for convenience and digital solutions increases, technology could become more disruptive in the banking sector, especially with government support for digitization in India.
Deep dives
The Origin of Things: The First Song Played on MTV
The podcast explores the first song ever played on MTV. The episode discusses the chosen song and the band's perspective on it. The host of the show, Chuck, provides a short format where he uncovers the origins of different things, with this season focusing on famous songs.
The Journey of a Banking Veteran Turned Entrepreneur
The podcast features an interview with a banking veteran who transitioned into entrepreneurship in 2016. He reflects on the past 6 years and highlights the personal and professional satisfaction he has experienced. The guest discusses the growth and progress of the Centrum Group, a financial services firm, as well as the charitable activities of the Sentrum Foundation.
The Future of Private Banking in India
The podcast explores the current landscape of India's private banking sector and discusses its future. The guest acknowledges the dominance of a few high-quality private banks and believes that challenging their position in the next 10 years may be near impossible. However, over a 20-year period, factors such as regulatory changes, deeper debt capital markets, technological advancements, and a shift in investor preferences from fixed deposits to equity markets could potentially alter the ranking pattern.
Digital Banking, Fintech Disruptors, and the Indian Market
The podcast delves into the world of digital banking, discussing the impact of fintech disruptors and the future of banking in India. The guest acknowledges that fintech has increased the size of the market but notes the challenges of competing with established banks as a regulated entity. However, the guest believes that as demand for convenience and digital solutions increases, technology could become more disruptive. The guest also highlights the role of government support for digitization in India.
Unity Small Finance Bank: Plans and Approach
The podcast features an interview with the executive chairman of the Centrum Group, discussing the plans and approach of Unity Small Finance Bank. The guest emphasizes a focus on profitable growth, adaptability to challenges and opportunities, and the importance of retail digital banking. While acknowledging the crowded banking sector in India, the guest believes that digital banking presents both a compulsion and an opportunity, particularly in rural areas. The guest also shares insights on the deposit challenges and the future of Unity in the banking sector.
On this episode of #PaisaVaisa, Anupam sits with Jaspal Bindra, Executive Chairman of the Centrum Group. They talk about Jaspal's highly successful banking career, and his journey into entrepreneurship. They also discuss the success of Private Banking in India, and how technology, UPI and digitization has transformed the banking landscape for the future, in both rural and urban areas. This and much more on this episode of Paisa Vaisa!
About the Show Paisa Vaisa is India's leading podcast on personal finance with 2m+ downloads, 130+ hours of content and conversations, 150+ guests, and 300+ episodes. Since 2017, Paisa Vaisa has interviewed experts across the spectrum of personal finance covering diverse topics such as mutual funds, stocks, housing, loans, education, crypto, and much more. Listen in now to make smarter decisions with your money!
You can know more about Centrum Group on www.mmail.centrum.co.in
Find Jaspal Bandra on social Media LinkedIn: (https://www.linkedin.com/in/jaspal-bindra-5a189772/)
Get in touch with our host Anupam Gupta on social media: Twitter: ( https://twitter.com/b50 ) Instagram: ( https://www.instagram.com/b_50/ ) Linkedin: (https://www.linkedin.com/in/anupam9gupta/ )
You can listen to this show and other awesome shows on the IVM Podcasts website at https://www.ivmpodcasts.com/