Key Points
So that is the nature of expansion and there the players who are going to be disproportionately large, they will make it and we should be aligned to that, says Raamdeo Agrawal, Chairman & Co-Founder, MOFSL..
The banking profit pool this year is upwards of Rs 2 lakh crore and in next five years, it will be more like Rs 4-5 lakh crore..
But I am quite sure in this space some digitally powered companies will come and compound at 50-60-70% and for HDFCs of the world which itself has done a wonderful job at about 25% compounded..
So, if there is a profit pool, if the consumer behaviour has changed in some of the companies, clearly digitally empowered companies are where you can see a few one lakh crore, five lakh crore companies coming in very quickly..
They are saying that we are going to make Rs 1,000 crore profit in the next three-four years but can we get confidence on that?.
