MUMBAI, July 20 (Reuters Breakingviews) - Mukesh Ambani’s capacity to disrupt India’s $2 trillion small loans market is fully priced in.
It’s a big endorsement, considering the lending company starts with a tiny $244 million loan portfolio as of March 2022.
Ambani will have his task cut out to deliver on expectations, despite a reputation for upending industries from telecoms to retail.
The $155 billion HDFC Bank (HDBK.NS), freshly merged with its mortgage financier parent, will chase the latter’s customers with renewed vigour.
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Persons:
Mukesh, Ambani, It’s, Jio, Shritama Bose, whir, Xavier Niel’s, Una Galani, Thomas Shum
Organizations:
Reuters, Reliance Industries, Bajaj Finance, HDFC Bank, Twitter, Xavier Niel’s GAM, Thomson
Locations:
MUMBAI