<p>Flipkart co-founder Sachin Bansal said that Indian financial services are still working in the "web 1.0" era and argued that the state is ripe for technology-driven disruption. </p>.<p>Bansal, In an interview to <em>BloombergQuint</em>, said that he is betting on building a mobile-first bank for India. Combining his edge over technology, Bansal aims to bring his consumer-tech thinking to financial services. </p>.<p>"We are tech-first and will be building a lot of technologies in-house and will be flexible, and will move fast. We will be mobile-first, and then there will be physical outlets, which will be a support to the mobile channel, rather than the other way round," Bansal said. </p>.<p>Ever since he departed from Flipkart, Bansal has been acquiring firms that provide financial services. </p>.<p>In January, Bansal resigned from the board of Ujjivan Small Finance Bank Ltd stating that an entity owned and controlled by him -- Navi Technologies -- has applied for a universal banking licence, through its microfinance arm, Chaitanya India Fin Credit. </p>.<p>Bansal has picked up a majority 94% stake for Rs 739 crore in the Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS) in September last year and had taken over as the CEO of the company.</p>.<p>Chaitanya offers loans to low-income customers in rural areas on the joint-liability-group lending model, has made an application under the RBI’s On-Tap Banking License Guidelines, earlier this month. It operates via 40 branches in Karnataka, Bihar, Maharashtra, Rajasthan and Jharkhand.</p>
<p>Flipkart co-founder Sachin Bansal said that Indian financial services are still working in the "web 1.0" era and argued that the state is ripe for technology-driven disruption. </p>.<p>Bansal, In an interview to <em>BloombergQuint</em>, said that he is betting on building a mobile-first bank for India. Combining his edge over technology, Bansal aims to bring his consumer-tech thinking to financial services. </p>.<p>"We are tech-first and will be building a lot of technologies in-house and will be flexible, and will move fast. We will be mobile-first, and then there will be physical outlets, which will be a support to the mobile channel, rather than the other way round," Bansal said. </p>.<p>Ever since he departed from Flipkart, Bansal has been acquiring firms that provide financial services. </p>.<p>In January, Bansal resigned from the board of Ujjivan Small Finance Bank Ltd stating that an entity owned and controlled by him -- Navi Technologies -- has applied for a universal banking licence, through its microfinance arm, Chaitanya India Fin Credit. </p>.<p>Bansal has picked up a majority 94% stake for Rs 739 crore in the Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS) in September last year and had taken over as the CEO of the company.</p>.<p>Chaitanya offers loans to low-income customers in rural areas on the joint-liability-group lending model, has made an application under the RBI’s On-Tap Banking License Guidelines, earlier this month. It operates via 40 branches in Karnataka, Bihar, Maharashtra, Rajasthan and Jharkhand.</p>