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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 talks may have stalled for now, but a merger would not be a bad idea. The two giants could draw on their core competencies to benefit one another.
Two weeks ago, I wrote in this newsletter that 2023 might see a number of mergers and acquisitions in the fintech space. Last week, the country’s two leading payments banks were reportedly looking to combine their operations. Bharti Airtel founder-chairman Sunil Mittal was looking to fold his telecom giant’s financial services arm, Airtel Payments Bank, into Paytm Payments Bank in an all-stock deal, Bloomberg reported.
But this week, those talks collapsed, according to Moneycontrol. Also, The Economic Times reported that Japan’s SoftBank and China’s Ant Group had approached Mittal to buy out their stake in Paytm (i.e. One97 Communications …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
