India is an interesting place to be living in currently, particularly for people like me, in the eye of the financial maelstrom. This is a fascinating phase. We have today universal banks, small finance banks, payment banks and then, microfinance. Every seminar or conference on financial inclusion must have all these entities on the dais. We debate ad infinitum on where the sector is heading; does one entity coming up mean the doom of another; and what does the other sector need to do to ensure the stability and protection of vulnerable client groups.
The latest conversation is about digitisation. . .