/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
It’s rare for the central bank to allow a fintech company to enter the banking sector.
Bengaluru-based fintech startup Slice is set to merge with Guwahati-based North East Small Finance Bank, the two companies announced on Wednesday in a statement. The Reserve Bank of India has approved the merger, making it only the second instance of a fintech company being allowed to form a joint venture in a small finance bank entity.
The details of the shareholding of the proposed merged entity are unclear at the moment. In March, Slice had acquired a 5% stake in the small finance bank for $3.42 million, valuing it at around $68 million at the time. The merger is subject …
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
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
