Is India ready for Online-only Banks?
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 is a first generation entrepreneur, now in the venture capital business. Alok heads up venture operations for Canaan Partners
in India, with focus on internet, technology and BPO space. Alok is also a founding member of Indian Angel Network
- an organization comprising successful entrepreneurs looking to invest in seed stage businesses. Prior to this, Alok cofounded JobsAhead.com, a leading job portal which was acquired by Monster.com
. Alok is an active charter member of TiE Delhi
. 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.
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