Technology giants have no business in banking: Uday Kotak

Technology giants have no business in banking: Uday Kotak https://lnkd.in/f8iE2mD =================== Extract : "If a Google or a Facebook ever decided to be a bank, we have a problem...They don't want to be as regulated as we are," Kotak, who heads Kotak Mahindra Bank said while speaking at the annual Nasscom leadership summit here on Wednesday. =========================== You do have a very valid point , Shri Kotak , but the rate at which technology is obsoleting traditional industries , is frightening - and the right thing to do for the traditional banks , is to ask themselves : " What business are we in ? " To know why each company must ask this question , read : WHO WILL OBSOLETE WHOM ? [ 20 Aug 2015 ] https://lnkd.in/fy7kUj7