PayU’s India play is too complex for RBI’s liking

The Naspers-owned company is at a loss to explain its convoluted ownership structure, even as it grapples with the regulator’s reluctance to grant it a payment aggregator licence.

March 30, 20239 min
0
PayU’s India play is too complex for RBI’s liking

You may also like

Business
Story image

Karnataka Bank urgently needs a permanent CEO

For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.

Economy
Story image

What does the RBI’s new rule mean for corporate acquisitions?

Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.

Business
Story image

The rot at HDFC Bank’s Dubai branch goes deep

The AT1 bond misselling allegations shine a light on the lack of oversight and may end up costing India’s largest private bank dearly.