Insights into Editorial: Payments banks aren’t looking that lucrative anymore

Insights into Editorial: Payments banks aren’t looking that lucrative anymore 25 May 2016 Article Link Summary: Three firms—Tech Mahindra; Sun Pharma promoter Dilip Shanghvi and his partners IDFC Bank Ltd and Telenor Financial Services; and Cholamandalam Investment and Finance Co- have withdrawn their applications to start payment banks. These firms, along with eight other firms, …