Zerodha co-founders Nithin and Nikhil Kamath, along with CTO Kailash Nadh, discussed their ambitions to transform Zerodha into a bank, but expressed frustration over repeated setbacks in securing a banking license.
Nikhil Kamath emphasized the need for diversification as Zerodha navigates regulatory challenges, stating that the company's future lies in offering broader financial services. He also raised concerns about the restrictive regulatory environment in India, warning it could stifle innovation.