We need more modern banks to build an advanced economy: Sachin Bansal

Sachin Bansal, the founder of financial services group Navi Technologies, is hopeful of an on-tap banking licence from the Reserve Bank of India, as he believes the country needs more modern banks to be able to build an advanced economy.

In an interaction with ET, Bansal said he believes most people in the government and regulator would agree that there is a case for modern banks in India now.