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Tag: bank

Paytm says absolutely not interested in YES Bank stake, Retail News, ET Retail

NEW DELHI: Paytm on Wednesday said it was absolutely not interested in buying a stake in YES Bank. It instead is seeking small finance bank permit from the regulator, ET NOW reported quoting agencies. At 2.45 pm, shares of YES Bank were trading 2 per cent higher at Rs 46. The scrip was up 5 …

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World Bank report, Retail News, ET Retail

BENGALURU: A new World Bank report, launched today in Delhi, notes that although e-commerce has grown significantly in South Asia, online sales accounted for a mere 1.6 and 0.7 percent of total retail sales in India and Bangladesh, compared to 15 percent in China and around 14 percent globally. Increasing the use of e-commerce by …

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Paytm payments bank eyes small fin model, Retail News, ET Retail

BENGALURU: Paytm wants to convert its payments bank into a small finance bank as that will allow it to lend to its consumers and build a more profitable growth model, the firm’s founder and CEO Vijay Shekhar Sharma told TOI. This comes on the back of India Post Payments Bank waiting for the RBI approval …

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