Wed, May 25, 2016
Tech Mahindra became the latest and the third payments bank contender to drop out of the race, the second one in less than a week. It was only a few days ago that Dilip Sanghvi dropped the idea of setting up the bank, in partnership with IDFC Bank and Telenor.
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Sat, May 21, 2016
Sun Pharmaceutical's Dilip Sanghavi who was in the race to set up a Payments Bank in partnership with IDFC Bank and Telenor, has now withdrawn his application. This is the second entity after Cholamandalam Finance to reconsider its decision of setting up a payments bank.
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