Physical banks will die, physical managers will die: Amitabh Kant
"Aadhaar act does not recognise the power of paper. The paper that is used is of no use. The act recognises only biometrics. The paper will again take us to stone age. My strong belief is that India must come up with a privacy law and India must allow private sector to innovate. That is the only way India will move forward," he said.
Amitabh Kant, speaking at the Financial Inclusion Summit 2018 organised by the CII, Image source: PTI