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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 central bank’s approval is contingent on the fintech and the ailing lender fulfilling a number of conditions stipulated by it for the deal to pass muster.
Last week, fintech startup Slice and North East Small Finance Bank announced that the Reserve Bank of India has issued them a “no-objection certificate” for a merger. If all goes to plan, Bengaluru-based Slice will soon become only the second fintech startup after BharatPe to own a bank, discounting Paytm’s ownership of a payments bank.
The proposed merger has understandably raised a few eyebrows. Typically, the checks enforced by the RBI on new entities applying for banking licences are stringent and the central bank has, in the past, stated its aversion for technology-centred businesses entering the banking industry. Given these …
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
