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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Japanese lender will cap its investment in the Indian NBFC at 20% for now, without seeking management control.
Japan’s Mitsubishi UFJ Financial Group plans to cap its investment in India’s second largest non-banking financial company—Shriram Finance Ltd—at 20% for now.
“We are happy with our status as a significant minority shareholder in Shriram Finance. By having around 20%, we are able to make this as an equity method and realise synergies without changing the management structure,” MUFG’s group COO and senior managing corporate executive Yasushi Itagaki told reporters at a press conference in New Delhi.
The announcement is significant as the law allows a foreign entity to own 100% stake in an Indian non-bank lender—unlike the banking space, …
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
Bharti Airtel’s ambitious plan for Airtel Money is a result of excess cash. The NBFC’s success will depend on how the parent battles the formidable rivals and India’s data privacy regulations.
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
