Tag: licence

A once serious banking aspirant now sees no need for it to succeed in the financial services industry. In an exclusive interaction with businessline, Nirmal Jain, founder of IIFL group and Managing Director of IIFL Finance, says, “We have to revalidate whether it makes sense to become a bank, because you can digitally connect with fintech partners and banks. Right now, we don’t have plans to become a bank, but we will evaluate it at the right time.”Back in 2013, when the Reserve Bank of India opened doors...