Did MUFG HDB deal happen? 
  
 Seems like the Japanese giant is hell bent on entering Indian FS ecosystem, regardless of quality

Business Analyst

MUFG is the frontrunner to acquire a majority stake in Yes Bank, overcoming regulatory voting rights cap.  Sumitomo Mitsui and Emirates NBD dropped out due to the 26% voting rights cap.  MUFG has b...

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- **MUFG** is the frontrunner to acquire a majority stake in **Yes Bank**, overcoming regulatory voting rights cap.
- **Sumitomo Mitsui** and **Emirates NBD** dropped out due to the 26% voting rights cap.
- **MUFG** has begun due diligence, advised by **JP Morgan**.
- **Yes Bank** shares fell 2.4% amid global market turmoil.
- **MUFG** may buy more than 26% to trigger an open offer, despite the voting cap.

Source: [Mint](https://www.livemint.com/companies/mufg-emerges-as-sole-contender-for-yes-bank-majority-stake-11727941029674.html), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/mufg-rejoins-yes-bank-race-submits-initial-bid-for-a-majority-stake/articleshow/113921718.cms)

MUFG Eyes Majority Stake in Yes Bank

Journalist

MUFG Eyes Majority Stake in Yes Bank- Grapevine

- Neobanking startup Jupiter is in talks to acquire up to a 26% stake in SBM Bank India, a subsidiary of Mauritius-based SBM Group.
- The deal, which is subject to approval from the RBI, could see Jupiter become a full-fledged bank.
- Jupiter has raised $170 million from investors and was last valued at about $700 million.
- The company began as a neobanking app in 2019, partnering with mid-sized banks to offer services like credit and debit cards, deposits, salary accounts, and mutual funds.
- The deal with SBM Bank India could significantly set Jupiter apart from other fintechs if it manages to obtain a universal banking license.

Source: [The Arc](https://thearcweb.com/article/jupiter-amica-sbm-bank-india-mauritius-jitendra-gupta-DRIxfMLvqqJon9ud)

Jupiter Eyes 26% Stake in SBM Bank India

- Neobank Jupiter is in talks to acquire a 5% to 9.9% stake in SBM Bank India, sources reveal.
- Backed by Tiger Global and NuBank, Jupiter's move requires approval from the Reserve Bank of India.
- This trend follows Indian fintechs and VCs seeking partnerships with traditional lenders.
- Recent similar moves include Slice merging with North East Small Finance Bank and VC investments in Shivalik Small Finance Bank.
- Jupiter's adoption in India lags behind markets like Brazil, despite partnerships with Federal Bank. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/23/fintech-jupiter-in-talks-to-buy-a-stake-in-sbm-bank-india/)

Fintech Jupiter Eyes Stake in SBM Bank India

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This comparison is going viral, surprised to see our biggest AMC is just 1% of American AMC. To me, they are too big and can literally direct the world markets.

$$ Uncle Sam $$

Product Manager

Why is HDFC falling?

Product Marketing Manager

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Hi, anyone here who is/has been in Masters Union in their TBM cohorts?

A few questions to ask.

Master's Union

Senior Associate

Welcome to Office Gossip's Private Community

ET just published a story on BharatPe raising $100M soon (or at least beginning the process to). I’ve heard business is growing well despite exits. How do you feel? 

Do you think the company is going to come good and stabilize as a fintech leader?

BharatPe Fundraise?

Product Owner

Bull market is Back!🐂😂

Welcome to Fintech India's Private Community

100m Credit Cards in India. 😱 Next decade belongs to Consumers

- Super.Money, backed by Flipkart, recently launched a co-branded credit card and plans to expand to six financial products targeting young professionals.
- Founder Prakash Sikaria revealed plans to seek external funding in December 2024 to solidify its position in India's competitive fintech sector.
- The platform has already launched UPI services, personal loans, and the superCard, with plans to introduce fixed deposits and credit lines via UPI soon.
- Super.Money aims to differentiate itself with a streamlined user interface, appealing to young, affluent users in India.
- Despite competition with PhonePe, Sikaria emphasized that Super.Money is a credit-first company, focusing on financial services. 

 Source: [Inc42](https://inc42.com/buzz/flipkarts-super-money-plans-to-raise-external-funds-to-launch-fds-credit-lines-via-upi/)

Flipkart's Super.Money Eyes External Funding, Plans to Launch FDs and Credit Lines via UPI

RBI bans Bajaj Finance to stop lending under ecom and insta emi products with immediate effect- WHY?

Director Finance

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IIMboacki 2y or 1y package is less than masters union 1y course!!!

Do u agree or have any perspective?

35 Lpa Avg Package at Master's Union >> IIM blacki

1. “Powered by Masters Union”, not news but PR by them 
 2. Batch size not given  
 3. 20% placed in founders office roles.😂😂 
 Don’t trust MU for the next 2 3 years. Phir sab nikal jaayega

Senior Consultant

I stumbled upon a thread here where everyone is going gaga over HDFC Bank stock. We all know it’s a quality bank but at the same time please do some research before going over-bullish. 

Two things worth noticing -

1. DIIs cutting their positions, they know many things which retailers are unaware. Yes, merger would have resulted in some offloading from passive funds but 3% is significant

2. Prashant Jain (3P investments, ex-HDFC AMC) has also viewpoint that valuations were bumped up and now stabilising. 

My overall comment is - Yea, it’s a good stock to own but don’t put all your eggs in one basket.

HDFC Bank - DIIs cutting stake

SEBI should check for any kickbacks received by these MF managers. Clearly, a red flag for investors, unfortunately I have one fund.

Mutual funds to avoid in future

Another lower circuit :/

Program Manager

Corporate Strategist

I'm sure you guys must have heard about BlackRock controlling the world from different YouTube videos or other sources. Yet it's market cap is less than 100 Billion. Google, Apple and a few other have 1 Trillion+ Market cap, which is more than 10x. 

Does BlackRock really have that much control over the world as what is perceived? If yes why is it's valuation so low? What kind of influence does the company actually have?

BlackRock Market Cap

Software Engineer

- Wealthtech firm Neo has secured Rs 400 crore in a funding round led by Japan’s MUFG Bank and New York-based Euclidean Capital LLC.
- The funds will be used to expand Neo's wealth-management division and enhance sponsor support for its asset management business.
- Neo's equity base now stands at Rs 1,000 crore, marking a significant milestone for the company.
- India's wealth management market is projected to grow at a CAGR of 4.56% during 2025–2029, driven by new-age startups and rising affluent class.
- Neo, launched in 2021, manages nearly Rs 35,000 crore in wealth management assets and is seeking an NBFC license to offer short-term loans. 

 Source: [Moneycontrol](https://www.moneycontrol.com/technology/peak-xv-partners-backed-wealthtech-firm-neo-raises-rs-400-crore-led-by-mufg-euclidean-capital-article-12793512.html)

Neo Raises Rs 400 Crore in Funding Round Led by MUFG and Euclidean Capital

Does this affect the stable money value prop.? Because as mentioned in the post fixerra is bringing in multiple FD issuers and providing infrastructure to build. Would that lower the entry barrier for building B2C product in FD segment as any fintech can expand horizontally in this segment by integrating with them.

Or stable money themselves are using these types of tools as an enabler? Just wanted to understand if I'm thinking this right?

MUFG Eyes Majority Stake in Yes Bank

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