Veteran banker KV Kamath, Chairman of Jio Financial Services, shared a fascinating insight into his learning habits speaking at the Moneycontrol Fintech Conclave with Kunal Shah, founder of CRED. Kamath revealed that he dedicates the final hour of his day to watching YouTube videos, describing the platform as a critical tool for his post-pandemic learning process.
“My learning process ever since COVID has primarily been YouTube,” Kamath stated during the session, which garnered a standing ovation from the audience. “The last hour before I sleep is definitely for YouTube, and currently, I’m following a trucker’s blog, which is helping me with ideas regarding the changes in India. No other leisure traveller is getting me that."
"There is change happening that I learn sitting here," he added.
Kamath’s choice of a trucker’s blog reflects his openness to draw insights from unconventional sources, providing a unique perspective on India’s evolving economic and social landscape. He noted that these videos have given him fresh ideas and a deeper understanding of the changes taking place in the country.
The session, held in Mumbai on December 18 , brought together industry stalwarts and innovators to discuss technology, business, and the future of India’s economy.
Kamath also revealed a personal preference while sharing his thoughts on the fintech landscape in the country. “My favourite app is Swiggy,” he confessed.
He used the platform to critique the financial strategies of many fintech firms, pointing out that an alarming number are "burning money without understanding when to stop." He noted that while these companies have experienced significant growth, their lack of financial restraint could jeopardise their long-term sustainability.
“They could have actually stopped the burn despite growing well,” Kamath remarked, stressing the importance of financial prudence. He cautioned that there is no clear endgame in sight for some of these companies, urging them to adopt a more measured approach to ensure sustainability in their operations.
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