Hi, this is Pratik Bhakta in Bengaluru. Its been a busy news week for us here at ETtech covering some of the most important stories in the fintech space. We had a string of big exclusives, wrapping it up here just in case you missed reading them.
Premji Invest, the family business of Wipro founder Azim Premji, is reportedly in advanced negotiations to buy the majority of Bank of Baroda (BoB) subsidiary Nainital Bank.
Premji Invest in talks to acquire majority stake in Nainital Bank at around Rs 800 crore. Public sector lender Bank of Baroda, which owns around 98% of Nainital Bank, is expected to divest its entire shareholding
Premji Invest owns non-banking finance company TVS Credit and if the Nanital Bank deal goes through, it will be the first banking play for the family office of the Wipro founder