of banks, state firmans, bids and outcomes. part two: jharkhand

about a month ago, i wrote about a controversial plan by the finance ministry to split the country into 20 clusters, and to appoint a common banking correspondent company for all public sector banks in each. to understand the attendant implications, please click here. yesterday, the second tender in this series was awarded. it went to fino. which is now the common BC for all of jharkhand and parts of bihar. as with the first tender, the bid surprised industry folks. the whole story here.