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What symptoms do merger talks between Clix and Suryoday SFB represent?

The guidelines for on-tap SFB licences have it that an applicant not found suitable for a licence will not be eligible to apply again for three years

Topics
merger | Clix Capital | Suryoday Small Finance Bank

Raghu Mohan  |  Mumbai 



Illustration
Illustration: Ajay Mohanty

Last October, made an attempt to acquire the doddering Lakshmi Vilas Bank (LVB), but lost out to the Singapore-based DBS Bank. Almost a year on, it is in talks to merge with (SSFB), a listed entity. As platforms, LVB and SSFB could not have been further apart. The point is that Clix, somehow, wants to be part of a banking story — it’s about survival; and is symptomatic of the concerns facing many second-rung shadow banks.

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First Published: Wed, September 15 2021. 06:03 IST

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