Page 13 - General Awareness - Jan 03 to Jan 09, 2016
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ICICI Bank to partner FINO PayTech for payments
bank
ICICI Bank will partner FINO PayTech to foray into the payments bank space.
ICICI Bank joins some of the leading lenders of the country which have
partnered with payments banks that have received licence from the banking
regulator.
For example, State Bank of India and Kotak Mahindra Bank have picked up
stake in the payments banks that will be floated by Reliance Industries and
the Bharti Group, respectively.
The ICICI Group, with about 16 per cent stake in FINO Paytech, a business
correspondent, is the largest domestic shareholder.
www.bankersguru.org
ICICI Bank to partner FINO PayTech for payments
bank
ICICI Bank will partner FINO PayTech to foray into the payments bank space.
ICICI Bank joins some of the leading lenders of the country which have
partnered with payments banks that have received licence from the banking
regulator.
For example, State Bank of India and Kotak Mahindra Bank have picked up
stake in the payments banks that will be floated by Reliance Industries and
the Bharti Group, respectively.
The ICICI Group, with about 16 per cent stake in FINO Paytech, a business
correspondent, is the largest domestic shareholder.
www.bankersguru.org
