I think it is safe to assume that scenario 1 is likely. I don’t consider rescue of PPBL at all, as RBI action seems to ensure that nothing will be left of PPBL. RBI is asking PPBL customers to move to other banks. There is no direction given for these accounts to be migrated to other banks. Also, I vaguely remember that payment bank license is not transferrable.
Do you see any value remaining in PPBL?
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