Sector: Banks
Lot seems to be changing at ICICI Bank
As per my employee contacts at ICICI Bank, lot seems to have changed since Sandeep Bakhshi took over. He is focused, detail oriented and a boring banker. Result – there is less focus on market position but more on effective growth by identifying the available market opportunities. Unit economics and credit quality has become a … Read more
HDFC Bank and Paytm tie up to leverage on each other’s strengths
2017 – “payment wallets like Paytm have no future” – Aditya Puri 2021 – HDFC and Paytm tie-up to leverage on each other’s strengths. Times change and so do the business compulsions ! It’s a very interesting arrangement and has the potential to lay roadmap for similar other tie-ups in future. Why is it so? … Read more
SBI is looking very attractive technically
Have a look at the following long term SBI chart. The stock after testing it’s long term support in March-April 2020 has recently broken out of 2015 highs. The long term pattern has all classic formations to suggest a sustained upward move for medium to long term investors. If the market corrects, the stock can … Read more
Paytm, HDFC Bank tie up to develop payment products for new online ventures
IPO-bound digital payments firm Paytm and India’s largest private sector bank, HDFC Bank, announced a strategic partnership to build comprehensive solutions across payment gateway, point of sale machines and credit products including Paytm Postpaid which is Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay. The partnership will aim to empower new … Read more
SBI, Axis Bank, ICICI Bank, others buy stakes in fintech firm IBBIC
Six banks – State Bank of India, Axis Bank, Indian Bank, Yes Bank, IDBI Bank, and ICICI Bank – on Tuesday said they have bought equity stakes in financial technology platform IBBIC. SBI, Axis Bank, Indian Bank, Yes Bank and IDBI Bank picked up 5.55 per cent stake each, representing 50,000 shares in IBBIC, for … Read more