{"id":873550,"date":"2024-11-05T10:08:44","date_gmt":"2024-11-05T04:38:44","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=873550"},"modified":"2024-11-05T10:08:44","modified_gmt":"2024-11-05T04:38:44","slug":"bandhan-bank-promoter-enters-it-sector-with-this-all-cash-deal-that-has-origin-in-london","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/05\/bandhan-bank-promoter-enters-it-sector-with-this-all-cash-deal-that-has-origin-in-london\/","title":{"rendered":"Bandhan Bank promoter enters IT sector with this &#8216;all-cash deal&#8217; that has origin in London"},"content":{"rendered":"<p>Bandhan Financial Services Ltd (BFSL), the promoter of Bandhan Bank, has made a strategic move into the technology sector by acquiring the Genisys group of companies. The UK-based IT and business process services provider was acquired in an all-cash deal worth nearly Rs 100 crore.<br \/>\nThis acquisition aligns with BFSL&#8217;s strategy to leverage technology to drive growth and innovation. The company believes that technology-driven solutions, particularly in the banking and financial services sector, have immense potential. &#8220;The entry into the technology sector is in confirmation with the applicable guidelines for core investment companies, which are allowed to invest in non-financial sectors,&#8221; BFSL managing director Arvind Agrawal told Economic Times.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bandhan Financial Services Ltd (BFSL), the promoter of Bandhan Bank, has made a strategic move into the technology sector by acquiring the Genisys group of companies. The UK-based IT and business process services provider was acquired in an all-cash deal worth nearly Rs 100 crore. This acquisition aligns with BFSL&#8217;s strategy to leverage technology to drive growth and innovation. The company believes that technology-driven solutions, particularly in the banking and financial services sector, have immense potential. &#8220;The entry into the technology sector is in confirmation with the applicable guidelines for core investment companies, which are allowed to invest in non-financial [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-873550","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/873550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=873550"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/873550\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=873550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=873550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=873550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}