On banking, he argued that the sector must evolve beyond scale and focus more sharply on trust, transparency and customer-centricity. According to him, long-term banking strength depends not only on asset quality but also on governance structures, accountability and restoring investor confidence. Discussing innovation and AI, Chakraborty rejected the idea that India has missed the AI opportunity but said the country must shift from being largely a services provider to building globally competitive products and platforms. He also highlighted funding constraints faced by startups and stressed improving access to equity. His broader message: India’s next growth cycle will require structural reforms, smarter regulation and stronger institutions, not growth alone.Read more: Banking Sector Needs Overhaul: HDFC's Ex-Chairman Chakraborty