Telenor, partners withdraw payments bank plans
Telenor Financial Services, IDFC Bank and Dilip Shanghvi have withdrawn their plan to form a payments bank venture in India, according to an official statement. The development could be an indication about Norway-based Telenor's future plans for the Indian market. The company's Indian unit hasn't been able to grow lately due to limited spectrum holdings, and intense competition from incumbent telcos. The statement said that the decision will be communicated to... Read More
