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New Umbrella Entity: 5-6 consortiums of banks, global tech giants, fintechs seek licence as deadline ends today

Updated : March 31, 2021 01:40 PM IST

The second consortium includes Tata Group via its subsidiary Ferbine Private Ltd, in which Kotak Mahindra Bank, HDFC Bank, Airtel Digital have already bought under 10% stake each.
The fifth consortium may have India Post Payments Bank, Razorpay, a payment tech firm Financial Software and Systems, and cloud services firm Zoho, as per people in the know.
Others like US-based FIS, and a few other fintech companies are also exploring their options and may apply, CNBC-TV18 has learnt.
Published : March 31, 2021 08:31 AM IST

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