The Economic Times

Indian financial sector is about to be disrupted and legacy players are running out of time: KV Kamath

India's financial sector is changing fast. KV Kamath, a key figure, states disruption is happening now. Old banks and companies are falling behind. New technology allows startups to build services quickly. Areas like asset management and broking face rapid change. Even insurance is becoming more direct. Banks are losing deposits to investment products. Companies must adapt to survive.