Zerodha wants banking licence but is struggling to get one: Kamath

Zerodha Co-founder Nikhil Kamath said the brokerage firm has been "struggling for a long time to get a banking licence". "We...want to be a bank. However, we've tried over the last many years [but] we have not been allowed to," he added. Comparing the industry to the David versus Goliath scenario, he said Zerodha is still David in this story.