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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 RBI has concerns about the former Flipkart boss’s fitness to run a bank and so should SEBI on NSE’s plans to go public.
Editor's note: Ashwin here. First up, we have some exclusive news on Sachin Bansal’s banking dreams. There are problems. Three to be precise. Bansal, who is also busy preparing for Navi’s IPO, needs to sort these out before getting RBI’s approval. On the other hand, there is a strong case for market regulator SEBI to quash NSE’s IPO plan. The “yogi” episode should be the final straw in a long list of blunders by the exchange. Read on. Navi’s banking plans under scanner The Reserve Bank of India’s committee to screen new bank licence proposals is said to be harbouring concerns over an application by Sachin Bansal’s microfinance firm Chaitanya India Fin Credit for conversion to a universal bank. The committee is concerned that Bansal may not pass the fit and proper criteria and has apprehensions on his Navi group’s ownership of an insurance company, people aware of the matter said. Customer complaints over Navi’s mismanagement of personal data could also figure high in the central bank committee’s screening of Bansal’s application. Meanwhile, on 8 February, Entrackr reported that Navi had converted …
The RBI has concerns about the former Flipkart boss’s fitness to run a bank and so should SEBI on NSE’s plans to go public.
Editor's note: Ashwin here. First up, we have some exclusive news on Sachin Bansal’s banking dreams. There are problems. Three to be precise. Bansal, who is also busy preparing for Navi’s IPO, needs to sort these out before getting RBI’s approval. On the other hand, there is a strong case for market regulator SEBI to quash NSE’s IPO plan. The “yogi” episode should be the final straw in a long list of blunders by the exchange. Read on. Navi’s banking plans under scanner The Reserve Bank of India’s committee to screen new bank licence proposals is said to be harbouring concerns over an application by Sachin Bansal’s microfinance firm Chaitanya India Fin Credit for conversion to a universal bank. The committee is concerned that Bansal may not pass the fit and proper criteria and has apprehensions on his Navi group’s ownership of an insurance company, people aware of the matter said. Customer complaints over Navi’s mismanagement of personal data could also figure high in the central bank committee’s screening of Bansal’s application. Meanwhile, on 8 February, Entrackr reported that Navi had converted …
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
