There are also big names such as AB Nuvo that is looking to form a JV with Idea Cellular. There is of course the likes of Future Group retailers that may come up with a JV with IDFC. Some of the smaller names include ItzCash and FINO PayTech.
The deadline for small and payments banks applications expired on Monday and a slew of corporates were seen knocking on RBI's doors to get a license.
5.30 was the deadline. The list of some big corporates who have lined up to apply for this payments bank license include the like of Reliance who is looking to tie up with SBI . Post the banks that are set up and SBI is looking to pick up a 30 percent stake. There is also Bharti Airtel which might go for a JV with Kotak Mahindra Bank and a 19.9 percent stake is what Kotak is looking to pick up.
There are also big names such as AB Nuvo that is looking to form a JV with Idea Cellular . Top telcos are all in the race. There is of course the likes of Future Group retailers that may come up with a JV with IDFC . Some of the smaller names include ItzCash and FINO PayTech.
The large corporates are looking at an opportunity to expand their customer base.
On the small banks front, names such as SKS Microfinance DHFL, Capital Trust , SE Investments and VAYA Finserv have come up.
Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.
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