FINDI acquires BANKIT for around Rs 160 Cr to expand financial inclusion in India

Quick Summary:

The companies aim to enhance financial access in rural and semi-urban areas in India and an inclusive and innovative financial ecosystem.

He expects the acquisition to drive the development of digital banking services, focusing on financial literacy and accessibility for people in rural India.“Together, BANKIT and FINDI plan to make banking services more user-friendly and accessible, helping people with savings, credit, insurance, and other essential financial services,” he said.

BANKIT has a network of over 1,29,000 outlets and services available in 28 states, covering more than 12,000 pin codes.

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Article Details

Author / Journalist: Abha Warrier

Category: StartupsEconomyBusiness

Markets: IndiaAustralia

Topics: Policy Ecosystem Privacy Services Acquisition Rural Financial Bankit Access Findi India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 10:26:50 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 309 words

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Sentences: 18 lines

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News ID: 25281956

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