Diversified financial services model is very similar to a bank model: Rashesh Shah

Edelweiss Financial Services, which was one of the 25 applicants for a new banking licence last year, is aiming to compete with banks through its diversified financial services (DFS) model.
 

“Diversified financial services model is very similar to a bank model. In this also, we are seeing enough growth. If you do the same model in a bank structure, it is easier from a cost and efforts point of view. In a non-bank structure, it is a bit harder,” said Rashesh Shah, chairman and CEO of the Edelweiss Group. 

According to Shah, diversified financial services structure should ideally be a bank structure. But he believes that it can be done even without a bank structure.

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