SBI's Kumar Says Bank Wants Faster Move to Digital

The video discusses the impact of Narendra Modi's demonetization policy, which faced criticism for its immediate economic slowdown but is seen as a catalyst for digital payment adoption and financial inclusion. The State Bank of India chairman highlights the increased acceptance of digital transactions and the government's push towards a formal economy. Despite short-term challenges, the policy aims to bring more people into the organized sector, supported by GST implementation, leading to increased tax compliance and financial inclusion.

What role does the State Bank of India chairman believe digital payments play in the future?

How has the demonetization affected the pace of digitization in India?

In what ways has financial inclusion changed in India since Modi's government took office?

What are the immediate impacts of the demonetization policy implemented by Narendra Modi?

What are the expected long-term benefits of demonetization and the introduction of GST?