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ICICI Bank to partner with FINO PayTech for payments bank

08 Jan 2016 Evaluate

ICICI Bank will partner with the FINO PayTech to foray into the payments bank space. FINO Paytech has received ‘in principle’ licence from the Reserve Bank of India (RBI) to start a payment bank.

ICICI Bank is India's largest private sector bank with consolidated total assets of $132.17 billion at March 31, 2015. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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