Bhaiyas and Bhaiyees of Blind. You and I know Indian public and private banks are pretty shit. Let us copy RobinHood’s checkings/savings model shamelessly in India. You see Ola copied Uber. Oyo copied Airbnb. Flipkart of course. Financial sector is untouched. Pls do the needfull.
How does Robinhood make money?
Don't Indian banks already give 4% for Savings Account?
When the yield on locally issued bonds is MUCH higher. But then Indian gov bonds are far from risk free.
India should try to build its own products and services just like China did it. That includes search engine, etc. It will give much more money to India to build better infr and social services for its people and engineers will no longer have to come to US or stay in US despite lots of huddles for immigration. With so many engineers in US, I think it will come true someday and those who decided early will make fortunes just like those Chinese had when Alibaba, Tencent and Baidu went public. So many opportunities in India. The government should do something to entice these talents come back to India.
How about first making a Robinhood app clone for India? I don’t see similar app there.
Aren't there some ex Flipkart folks already doing a rh clone in India
Dont you have to pay bribes to government regulators to operate as a bank?...opportunity for sure but offset by corrupt officials who want their cut
As an Ex fintech guy who tried building financial products in India, idea is valid and much needed in theory but regulations will kill you so if anyone has grit to deal with that. Kudos!
Stock market trading in India is not as straightforward as signing up online here. There’s a concept of demat account and it’s quite complicated.
Zerodha
Copying is not bad. Nothing shamelful about it if you're delivering a product people need.