| Monday, 04 April 2022 |
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Good morning [%first_name |Dear Reader%],
It’s a new financial year, and there’s nothing better than planning out and making your tax-saving investments for the fiscal right now. But if you think those maxed out tax-saving investments are in any way enough for your future, Anand has some news for you.
Before that, and in keeping with the theme of new things being born, Arundhati has an argument for why last week’s Axis Bank-Citibank deal has created a new touchstone for Indian fintechs.
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A new benchmark is born
Stories and narratives rooted in growth potentials are very powerful. But once benchmarks are created, stories have to contend with reality. Some come out more powerful than before; others less.
With Axis Bank deciding to buy American-based Citibank’s retail assets in India, Indian fintechs like US$1 billion-valued Slice and US$4 billion-valued Cred and all of the many Buy Now Pay Later (BNPL) companies have a new yardstick for comparison.
