WSJ has an interesting article on online banks. In India, there has been rightful emphasis on financial inclusion as a key direction for banking sector. However, there is a segment of current users who could enjoy the efficiency of an online-only bank. Are Indian banks ready to make that transition? Is the regulator ready to make that transition, or will this be a blind-spot forever at the alter of financial inclusion?

Alok Mittal

Alok is a first generation entrepreneur, currently CEO and Co-founder of Indifi, a platform for small business lending.

Alok is a board member at TiE Delhi, and a founding member of Indian Angel Network.

Prior to Indifi, Alok ran India venture operations for Canaan Partners in India, with focus on internet, technology and BPO space. Earlier, Alok cofounded JobsAhead.com, a leading job portal which was acquired by Monster.com. Alok is a computer science graduate from IIT Delhi and, postgraduate from UC, Berkeley.

The views expressed on this site are personal views of Alok, and do not constitute an offical opinion of any company or organization.