Indian financial sector is about to be disrupted and legacy players are running out of time: KV Kamath

The Indian financial sector is experiencing a digital revolution, with fintechs challenging traditional models. This creates opportunities for innovative players and poses existential threats to those unable to adapt.

• •KV Kamath states India's financial sector is changing fast and disruption is happening now.
• •Old banks and companies are falling behind due to new technology.
• •Areas like asset management, broking, and insurance face rapid change.
• •Banks are losing deposits to investment products.
• •Risk flag: Increased competition from fintech startups.