I would have considered ppb as strength if it was 100% subsidiary of one97 but shareholding itself was problem. There was certainly conflict of interest and this kind of structure would have been a problem sooner or later. Glad it happened earlier ( though i would have preferred ppb as 100% subsidiary of one97 ). Now i think there is no complexity with respect to structure, interest and hope VSS and team can focus on core strengths which is merchants loans and there are cherries on top like sound box subscription, ticketing, broking, insurance so on and so forth…
Having said that if RBI would have allowed to start opening ppb accounts and if ppb would have got small finance bank license in near that would have been a game changer (if this would have happened many people specially small merchants would have preferred to keep money in ppb. And that would been kind of moat to have many people in paytm ecosystem). But now this has zero chance of happening and as I said there was a conflict of interest and now VSS and team can focus on one business.
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