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Disruption will change banking significantly: Nandan Nilekani

It is just a matter of time that the lending exercise explodes in the country

Anup Roy  |  Mumbai 

With the emergence of technologies such as automated teller machines, Internet and mobile transactions, banking in India catapulted to a different orbit in the last decade. But the future will bring even more change.

Banking as we know it will stand on its head in the next 10 years, going by Nandan Nilekani’s prediction, as “disruption is waiting to happen”. Nilekani, co-founder of Infosys and former chairman of the Unique Identification Authority of India (UIDAI), believes niche banks and financial technology providers mean banking is going to be much more personalised ...

First Published: Mon, August 08 2016. 00:40 IST

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