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Why Sachin Bansal sold Chaitanya to Birla despite its success

If not for Sachin Bansal’s ambition to get a banking licence, there was a cultural and strategic misfit between what Chaitanya was and could be. He wants Navi to be an urban 100% digital banking firm. But without a banking licence, it is a long hard journey to become a large financial services player in India.

August 18, 2023 / 14:11 IST
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