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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The country’s largest private sector bank has received brickbats from consumers and the regulator for its clunky and outdated systems. It seems to have learnt a lesson.
Last month, when Apple chief executive Tim Cook visited India to launch the company’s first stores in the country, he also had another less-publicized item on his agenda: to meet HDFC Bank chief executive Sashidhar Jagdishan and discuss Apple’s fintech roadmap in India.
In the private meeting, the two chief executives, along with members of the private sector bank’s digital leadership team, are said to have discussed ideas around a potential launch of the much-anticipated Apple Pay service in the country, according to an industry executive in the know, who requested anonymity.
“I’m not at all surprised that the only …
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.
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
