HDFC Bank CEO On Paytm Crisis | NDTV Profit - video Dailymotion

Whatever has happened with #Paytm is unfortunate, says #HDFCBank CEO, Sashidhar Jagdishan.   For the latest news and updates, visit: ndtvprofit.com

Transcript

00:00 Whatever has happened on that particular entity is rather unfortunate.

00:04 So obviously there is a little bit of an unknown.

00:08 I mean, I know nothing more than what you would or anyone else in this room knows.

00:16 So having said that, I think they do have a great tech platform

00:22 and that is what we have a partnership which sort of harnesses that.

00:28 And it's not a big thing.

00:30 As I said, these are experiments that we are happy to sort of continue

00:36 as long as we maintain control of the regulatory norms, etc.

00:42 Now, does it open up a lot more opportunity?

00:49 If you really look at it, I think we are far more sanguine on what we want to acquire.

00:57 Even on the merchant side, let's talk about where all they were very good.

01:02 The Fastag is something that they had a reasonable market share.

01:08 Now obviously that may get distributed amongst a lot of other people.

01:14 Yes, there may be some amount of shares that will be there.

01:17 Then you have Paytm app, it was a very good app, very well respected.

01:24 A lot of active users on that.

01:26 I guess we have a Payz app which probably can get a slightly better run rate

01:32 and that's what we hope to have.

01:34 On the merchant acquiring, I think they were also one of the large players there.

01:40 We probably may deal with a certain segment which is quite an attractive opportunity.

01:47 I don't want the entire thing because we are focused on a certain segment

01:52 which makes economic sense.

01:55 So we are finding these pockets of opportunities to do so.

02:00 I think these are some of the things that are there.

02:05 I think the franchise is ready to take on anything that comes their way

02:11 which makes economic sense.

02:13 We are not in a hurry to say I want that much or I want the entire thing.

02:20 That's not how we operate.

02:22 As I said, the underlying thought process is it has to make economic sense

02:29 for whatever we assume.

02:31 So we are on that track organically I guess at this juncture.

02:35 We are in the market trying to pick up the ones which are available

02:41 and that's what we are trying to do.

02:45 [Music]