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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.
Consolidation looms among niche, smaller players, while the big names will likely see their already thin margins dwindle.
In a LinkedIn post a couple of weeks ago, Vijay Yadav put out what was half investment pitch and half desperate plea: “… I would like to put forward the request and proposal for the investment in it - to increase the net worth of the Company to Rs. 15,00,00,000/- (Fifteen Crore Rupees) in order to match the requirements of the Reserve Bank of India…”
Yadav is the co-founder of PayKun, a minor payment gateway startup based in Ahmedabad. His post pretty much sums up the state of most smaller payment processing startups in India. Many niche players are in …
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
