It is possible that the digital world may change the need for physical branches. We will continue to add branches incrementally, but we will reach a point - whether it is 1,500, 1,800 or 2,000 branches - where we will say enough is enough.
If India grows steadily and does the structural things right and carefully unties knots, builds an institutional process which sort of cleans up the corruption and the baggage in the system, I see it as a wonderful marathon.
A lot of family members worked in the joint commodities family business. It was a classic case of capitalism at work and socialism at home.
I keep wondering at night, 'Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?'
If what you create does not outlive you, then you have failed.
If you ask me, over time, I am a believer in the Indian financial saving story getting stronger; a lot more savers are moving money away from gold and real estate into banks, mutual funds, insurance and equities.
When a lion doesn't get its prey, it remains hungry. When the prey saves himself, he has not won, but has saved his life.
In a marathon, if you run too fast, you get exhausted. If you run too slow, you never make it.
The trouble with opportunity is, it never announces when it comes. It's only after it's gone, you'd realize that you missed it.
There's no harm being a copycat. If someone else is doing a good job, copy. It's free.
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