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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.
With its fintech-first strategy running into regulatory problems, the five-year-old lender is banking on new leadership, improved systems and commercial banking to chart a new path.
State Bank of Mauritius’s Indian arm is undergoing a revamp. A much needed one.
In January, SBM Bank India was barred by the central bank from facilitating overseas transactions under the liberalized remittance scheme—which allows Indian residents to remit up to $250,000 abroad every fiscal—due to supervisory concerns.
This came as a major blow for SBM, which has the distinction of being the first foreign lender to obtain a universal banking licence in India and has mostly relied on tying up with fintech firms to grow its business. With the central bank ramping up scrutiny of the bank’s core business, …
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
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?
