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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 fintech company hasn’t had a full-time CEO since January and a number of its top executives have left recently. Filling the leadership vacuum will be crucial to retaining investor interest.
BharatPe seems to be in a tight spot. The five-year-old fintech startup has been functioning without a full-time CEO since the beginning of this year. In January, Suhail Sameer was asked to step down as chief executive and Nalin Negi—BharatPe's chief financial officer, who was brought in from SBI Cards—was appointed as interim CEO. But Negi’s appointment has complicated matters for the New Delhi-based firm, which has already seen some of its top executives leave over the past year.
“There is confusion internally as to who is steering the ship,” says an industry executive, requesting anonymity. “There is Rajnish Kumar, …
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 Rs 900 crore capital fight with BharatPe over the small finance bank could leave Centrum’s investors holding the loss.
