/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
If the central bank is consistent in its cautious approach to technology majors offering financial services, it could oppose Reliance’s fintech ambitions.
Last month, Reliance Industries announced that it will demerge its fledgling financial services business, rename it as Jio Financial Services and list it on the bourses.
The Mukesh Ambani-led conglomerate’s expansion into the financial services sector under the Jio brand makes perfect sense. The oil-to-telecom behemoth can leverage its vast scale, high credit ratings and brand value to distribute high-profit margin financial products and raise funds easily. Moreover, India’s underserved financial services market offers a unique opportunity for Reliance to disrupt this space.
The company said the regulatory approval to begin operations as a non-banking financial company is in place. …
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
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
