Mr. Saurabh Tripathi, Managing Director and Senior Partner, Boston Consulting Group (BCG) 1e5j6e
Banking 694v5h
“My expectation from the budget is bolder move forward in transformation of public sector banking industry. The economy is rapidly transforming with deeper penetration and adoption of technology. Banking sector is set to have a fundamental makeover requiring institutions that have very strong tech, analytics and design capabilities. This transformation is very tough in the operating framework and constraints of public sector. Partial privatization where government takes down the stake to below 51% is one way forward. It will test the resolve of the government. There is an easy way out to let the public sector banks slide into oblivion with slow decline and eventually sold off in crisis. Much like Air India. That will just deny Indian consumers and businesses better banking and Indian tax payers would be footing the heavy bill for the inefficiencies it sustains over long periods.”
Crypto 3b3d6c
“Web 3.0 is at a nascent stage as internet was in 2000. The giants like Google, Apple, Amazon, and Facebook were being conceptualized and launched. And in the following 20 years, massive value was created for their customers and owners. The next generation on Web 3.0, the next version of internet are on the table now. Crypto assets are a fuel for this internet. Not just currencies but a range of other digital assets like non fungible tokens, wrapped asset token etc that permit fractional ownership of a wide range of assets hitherto unavailable to mass market and a way for entrepreneurs, artists, and even students to raise money for their endeavors or education like was never possible before. We need to have a progressive regulatory framework that can create enabling environment where innovation can thrive in a legal way – and India’s entrepreneurs can create platforms that, not just India but the whole world we use. It is a moment in history that we cannot miss. We need to have a regulation out soon.”
