News digest: Fortis buy, MSP formulation, banks' stressed assets, and more

E-commerce firm in process of getting NBFC licence, to lend to consumers and sellers initially

Flipkart set for financial services foray; to lend to consumers and sellers

In a move that could disrupt the consumer lending segment, e-commerce giant Flipkart is set to enter the financial services space, offering credit and insurance products to consumers and sellers on its platform. Read more


Rs 800-900 bn needed to resolve large toxic loans, says PNB’s Sunil Mehta

The resolution of banks’ big-ticket stressed assets, those above Rs 5 billion, would need funds