FinTech
Payments banks a flawed business model, needs relook: former SBI chairman Rajnish Kumar
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Synopsis
In a candid conversation with ET Prime, the veteran banker who is on the boards of nearly a dozen companies talks about the role of independent directors and advisors in emerging companies, the future of payments banks, and more.
Former State Bank of India (SBI) chairman Rajnish Kumar seems to have traded in his retirement chair for a whirlwind tour of corporate boardrooms. From advising banking behemoths to mentoring startups such as BharatPe and Byju’s, Kumar’s post-career journey has been quite eventful. Late last year, he was roped in by Mastercard India in a non-executive advisory role in which Kumar will guide the company in navigating the domestic payments
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