IPO mandates via UPI: High decline rates at smaller PSU banks worry stakeholders
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ETtech
Equity in education isn’t the only major victim of a glaring digital divide. Equity ownership in primary listings also hinges as much on the robustness of India's tech backbone – as evidenced in the latest flurry of digital mandates for top-flight IPOs.
UPI mandates in June have also highlighted the gap in technology infrastructure between large private sector banks and their smaller public sector counterparts, with the differential in failure rates worrying ecosystem stakeholders about the industry’s capability to handle increased mandate loads ahead of mega public listings scheduled later this year.