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Tata Digital will foray into Neo Banking

Tata Digital the consumer internet arm of Steel to Salt conglomerate Tata group will foray into Neo Banking services, The banking and financial services will be provided via their super app which they are trying to build.

Tata Digital's strategy has been quite evident after the series of recent acquisitions,

Some notable acquisitions of Tata Digital includes Bigbasket + bbdaily(Online Grocery), Dunzo(Hyperlocal), Curefit(Health & Wellness), 1mg(Online Pharmacy).

Tata also has some very good digital businesses like Caratlane, Tata Cliq, Tata Q, Croma and Starquik.

Head Quartered in Mumbai, Tata Digital is trying to create a Super App which will one digital stop for all the requirements.

Tata Digital is headed by Pratik Pal, who is wearing the hat of CEO, he was previously leading many verticals at TCS. Pratik is a ISI Kolkata and Jadavpur University Alumnus.

Tata Digital will compete Jio by Reliance which shares similar aspirations.