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Banking licence: Vikram Pandit's India play will not be easy

May 20, 2013

It remains to be seen how Pandit, who is credited with steering Citi out of its darkest days, plans on making lives better for millions of Indians through financial inclusion without actually getting his hands dirty. #India #RBI #Vikram Pandit #Financial inclusion #JM Financial #Banking foray
JM Financial is Pandit's first public investment since Citi ouster: All you need to know

May 17, 2013

JM Financial would also nominate Pandit as the non-executive chairman of the NBFC #Business #Banking #Vikram Pandit #Citi #JM Financial #companies
Ex-Citi CEO Vikram Pandit, JM Financial join hands for banking foray in India

May 17, 2013

JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity. #Banking #Vikram Pandit #Citi #JM Financial

Wire

Deccan Herald
Vikram Pandit to head JM Fin's banking foray

2013-05-16 16:07:00

Former Citigroup chief Vikram Pandit is likely to head a new bank proposed by the integrated financial services group JM Financial which will apply for a banking license under the prescribed RBI guidelines, the company said on Thursday. In a filing to th #Vikram Pandit #Citigroup #India
Economic Times
Vikram Pandit to invest $110 mn in JM Financial

2013-05-16 13:41:00

MUMBAI: Former Citibank CEO Vikram Pandit is picking up 50% stake in the non-banking finance company of JM Financial. He will also own a 3% stake in the parent company JM Financial. Vikram Pandit, who will invest $110 million to acquire stakes, will use #Vikram Pandit #India #Citigroup
CNBC
Pandit Returns to Banking via India

2013-05-17 03:17:00

Vikram Pandit, the former Citigroup chief executive who was ousted last year, has returned to banking by investing in an Indian financial services group that hopes to launch a new lender. Mr. Pandit, who left Citigroup in October, and Hari Aiyar, another #Vikram Pandit #India #Citigroup

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JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
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