3 Comments

At least they were able to make a return.

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15hEdited

i think in now way reliance needs sbi, i think sbi partnership makes it a thing of interest for sbi which cud help in regulatory like getting payments license and then other licenses something which might have played out back door but did not went through since other players in same industry made multi folds growth and other approvals plus a trusting type thing for foreign partners as since sbi wud be involved then it wud be too big to fail which i guess since

otherwise i do not find why sbi cud do becoz it had better and bigger base which i think reliance cud have accessed and that might be reason reliance asked for investment

becoz neither reliance needs loan and neither sbi needs this business

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It won't be surprising if we find out in future that SBI gave the loan to Reliance on papers but didn't disbursed any money. This is how SBI was also in fray and after paying 100 odd crores, Reliance got its own bank.

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