Where are 11 guys who were issued PAYMENT BANK LICENCES in 2015?

Friday, 18 January 2019

Where are 11 guys who were issued PAYMENT BANK LICENCES in 2015?

Greetings from Hitesh! It has been a long track record at DESTINY MANAGEMENT to go correctly in understanding the ground realities of business and economies year after year. In 2015, Govt., issued licenses to 11 corporates out of 41 corporates to start PAYMENT BANK.

These 11 guys were – Airtel / Birla / Reliance / Fino / Indian post / Cholamandalam / NSDL / DILIP SANGHVI / Vijay Shekhar / Tech Mahindra / Vodafone.

Today there are just 5 out of the above 11 are active – Reliance jio / Airtel / Idea ( BIRLA) / Indian post / Fino. The most active is PAYTM which is added in 2017.  

What we had said on 21^st August 2015?

We had written our most read post and still being read on our blog – Will you start ANGADIA Business with Rs.100 Crs. Capital?

hitesh @hiteshmparikh

Will You Start ANGADIA Business With Rs.100Crs. Capital? (Untold Secret of about PAYMENT BANKS) http://bestofhiteshparikh.blogspot.com/?spref=tw 

In the above, we had categorically said that this business is not viable with an upfront investment of Rs.100 Crs in liquid capital plus infrastructure. 3 years after we are proved 100% correct in our assessment. We always keep you ahead of the market events.

Currently, there are 6 guys who are active. Out of them, the biggest guy is PAYTM followed by MOBILE companies. For MOBILE companies there are no new investments in CAPITAL and INFRASTRUCTURE. For POST also there are not new investments. PAYTM is backed by Big investors and it was reported in MEDIA that BUFFETT had invested Rs.27 Crs recently.

If you study the MODEL – mobile companies were taking ADHAAR CARD to instantly activate the SIM CARD. This was also the requirement for opening a PAYMENT bank account. So, without the knowledge of mobile users, they had the PAYMENT bank account. Now, they are claiming that they have so many millions of customers but how many are active? How many are aware that they have a payment bank account?  

If you leave aside PAYTM – I am not sure others are active as they claim. Also, Paytm must be in losses the way they are offering discounts on various first-time uses and other offers.

In short, the business has not taken up as expected and those who are doing it, are doing it in losses.

How do these relate to SMALL INVESTORS?

Small investors also come to market with much funfair/enthusiasm but without much commitment or understanding of long-term repercussions of their investment activity.

Like the above mobile companies, they also have some business or salary income. They assume that they will be able to increase their income with investments.

Like mobile companies, they are expert in their job or business, and they assume that they will also be equally good in the investment business. Since they start with the assumption that they KNOW ALL, they go by their instincts or some tips rather than learning the investment from scratch.

Like these 6 out of 11 guys, who realized that PAYMENT BANK is not their cup of tea, so they backed out. Small investors also back out or go away from the market.

What NEXT?

Investment and Trading are the MOST difficult activities under the Sun. They are difficult because nothing in under your control – Market decides the price, promoters decide the performance of the company and your uncontrolled mood swings acts as a GHEE in the FIRE of losses.

If you really want to make money investing along with your job or business, be with us for 3 years and see the transformation in your income and overall quality of life.

Do write or call me, if you are interested.

Have a FANTASTIC FRIDAY.

Follow me on Twitter @hiteshmparikh /  WhatsApp - +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh.