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Tech Mahindra drops plan to set-up payments bank operations

25 May 2016 Evaluate

Tech Mahindra has dropped its plans to set up payments bank operations in the country, becoming the third player to pull out from the race. The board of directors at its meeting held on May 24, 2016 has decided for the same.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.


Peers
Company Name CMP
TCS 2077.00
Infosys 1009.10
HCL Technologies 1244.85
Wipro 163.60
Tech Mahindra 1546.00
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