The great Indian bank locker shortage

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[upbeat music] Hello, folks. You're tuned into Finshots Daily. In today's episode, we tell you everything you need to know about India's quietly brewing bank locker crisis. Before we begin, here's a quick word from Team Ditto. Life has a way of surprising us, and not always in a good way. Sometimes it's a sudden illness or an unexpected hospital visit that can shake up everything. In India, families still pay about 39% of medical expenses directly from their own pockets, and just one hospital stay can wipe out years of savings. The easiest way to protect yourself is by getting a good health insurance plan. It's way cheaper than footing one huge bill. And if you're unaware where to start, book a free call with Ditto. No spam, just honest jargon-free guidance. Trusted by over eight lakh people for their health and term insurance needs. The link is in the description. Now back to the story. A while ago, I walked into a bank branch to inquire about getting a safe deposit locker. The branch manager told me there weren't any available and promised to call me once a locker opened up. It's been three years and radio silence. [laughs] I won't name the bank, but let's just say it's one of India's largest public sector banks. But after recently reading about the widening demand supply gap for bank lockers in India, I realized it probably wasn't the bank's fault. Um, let me explain. Today, there are only about 60 lakh bank lockers available across all public and private banks in India. But by 2030, affluent