Banking: New challenges, new opportunities

Banking is urban phenomenon in Indian markets and there is the challenge and there is the opportunity. We have about 2 percent penetration in terms of credit card usage and 13 percent in terms of debit card. So it is a huge unbanked areas in India. That is the opportunity and that is the challenge in the new era. So the how many new banks we need, can they address these challenges is the topic of discussion at the Global Investor Conference.