The reserve bank of india finally issued a new banking license. Part of the pay, had applied for the license along with he bigger and better known centrem financial services. The license didn't allow the company to operate a full fledged bank like t f c or i c i c i. Instead, it let them operate a small finance bank, or s f b. They can take deposits and pretty much lend at will.
In the past week, some of you asked us, “Finshots, can you please tell me what’s actually happening at BharatPe?” Now everyone, and we mean literally everyone has covered the story, so what more can we possibly cover?