.jpg)
TPG was one of the first global private equity firms to enter Asia, opening a Shanghai office in 1994.
.jpg)
Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Telecom companies (Airtel, Vodafone, ABNL-via Idea Cellular), which enjoy larger reach, appear to be better placed among the key companies bagging payments bank licences.
Wipro, Steel Authority of India, HDFC Bank, Mahanagar Telephone Nigam, Bharat Heavy Electricals and Reliance Commnications among companies reporting a decline in headcount in FY17.
Last year, the software giant launched a cloud adoption programme for SMBs.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Currently, only three have completed more than six months of operation in the space - Fino Payments Bank, Airtel Payments Bank and Paytm
Hamsini Karthik reveals why the ongoing business rejig will help unlock value for shareholders of Grasim, Reliance Capital and Tube Investments
Chennaiites are proud that they are a culture-loving people.
Surely you have heard them many times over... P V Subramanyam tells you why they are dangerous
Reliance, Birla Group, Airtel eye small finance banks.
In August, RBI allowed 11 business houses to start a payments bank.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity
In front-running case, some fund houses have settled with Sebi and paid the amount lost to trustees.
Drivezy is helping people share their vehicles.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Investors will remain cautious ahead of F&O expiry.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
Buying medical insurance? Make sure that you know what you are getting and what you are not.
The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Pushpal Shinde now earns some Rs 50,000 a month.
BHEL down around 2.4% and Bharti Airtel down around 1.6% were other major losers.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
Farming and debt go together in Tamil Nadu's Ariyalur district. There are those who have learnt to live with it and others like Alagar who could not cope with the loss.
The market continues to remain highly competitive relative to Indonesia and Malaysia, says Anand Narayan, senior managing director of Creador Advisors.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances