Indian Banking: Digital Paradox


Digital has been the biggest game changer in Indian banking especially in last 5-7 years. The proliferation of smart phones, transformation of connectivity with 3G/4G and spectacular growth of ecommerce has further catapulted digital banking. There are enormous statistics that will stand to prove the above. Let us look at…

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Did Demonetization Pressure Tilt Indian Digital Barometer?


The question though is whether it tilted enough, considering the inconvenience caused by demonetization. Digital is important to economy as it brings down cost of transaction, improves efficiency of financial system, increases transparency and transforms customer experience. Replace of more cash by digital and adoption of digital by a wider…

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Digital Banking for Dumb


This is a work of fiction and is a humorous take on the digital rush of most banks today. Background: The CEO of a leading retail bank is very happy with the digital transformation that the bank has recently undertaken and wanted to spread the word. “Digi Genie” is our…

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The Mood(y) on Demonetization


Yesterday in a dramatic turn of events, Moody upgraded country rating of India after nearly 14 years and demonetization was cited as one of the economic reforms triggering the same, along with GST and others. While the upgrade caught everyone by surprise but citing demonetization is the more surprising element,…

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Was Demonetization Triggered By Sudden Surge In Cash or FICN?


“In his book, Glimpses of Indian Economic Policy: an Insider’s View, Patel writes that when the then finance minister HM Patel told him about the step, he asserted that steps like these rarely have striking results”* IG Patel was the RBI Governor when India underwent demonetization in 1978. Lately high…

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Privacy & Data Protection: How Safe Are We In Age of Digital?


India is by far the only country which has taken biometric registration of its entire population to near completion. As of 15th August 2017, nearly 1.2 billion Aadhar enrollments have happened which translates into somewhere 87-90% saturation/ population coverage. The uniqueness of Aadhar is that it not only captures basic/…

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Digital In Life Insurance: Potential & Pitfalls


Global firms puts India LI market opportunity under ‘Differentiated Strategy’ implying that it is not going to be an easy market. Same time, life insurance data indicates that top 7 private players market share in India has steadily increased from 59% in FY11 to 76% in FY17. Success in such a…

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