Kotak Mahindra Bank Focuses on SMEs, Digital Transformation

Paritosh Kashyap from Kotak Mahindra Bank talked about how the Reserve Bank of India (RBI) is focusing on making banking easier and better for customers.

He said banks need to be more digital, customer-friendly, and competitive.

Kashyap is very optimistic about small and medium-sized businesses (SMEs) and sees them as a big growth area for the bank.

He also mentioned that non-banking financial companies (NBFCs) are strong competitors but still rely on banks for some services.

He warned about the risks of too much competition and the need for discipline in lending.

For Kotak Mahindra Bank, the main focus will be on SMEs, transaction banking, and retail assets.