We've no access to regulators who can cut our revenues by 50% in 1 day: Nikhil Kamath

Zerodha Co-founder Nikhil Kamath said startups are subject to regulators who they don't have access to and who can slash their revenue by 50% in one day. "In a classroom...where teacher...reprimands kids at will...will there be innovation?...I can translate the same thing to entrepreneurship," Kamath told CNBC-TV18. "We've been struggling for a long time to...get a banking license," he added.