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Kotak Mahindra Acquires Stake in Airtel M Commerce

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Kotak Mahindra has acquired 19.9% stake in Airtel M Commmerce Services for INR 9.8 billion to setup payment bank. A payments bank can accept deposits, both savings and current, up to a maximum of Rs.10,000 initially, with the stated primary role of extending payments and remittance services to small businesses and low-income households. Read more

 

Sweekar S

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