Neo-Banks

Dynasty Acquisition, an affiliate firm of the PE player, sold close to 8 million shares at Rs 1,300 apiece

Mumbai, Bengaluru-based company will use money to expand its lending products

Digital banks are a threat, not so much to banks as to banking stability on account of the systemic risk they pose

If it's a good deal, many willing to shift to fintech players, neo banks, among others

The neobank has seen 70,000 sign-ups on its platform and has 6,000 monthly active users

We want to be the first truly global consumer bank. Some banks have an international presence, but continue to be country-bound on the consumer side, says Shanker

Open is a start-up that offers a current account with integrated tools like invoicing, online payments and automated accounting engine to help MSMEs manage their business finances

Chime, the biggest new name to pop up, has opened two million fee-free online checking accounts and is adding more customers each month than Wells Fargo or Citibank