Aditya Birla Idea Payments Bank - operations starts from February 22

[rahul1117kumar]

The Aditya Birla Group today said it has received license from the Reserve Bank of India to start payments bank. Headed by Kumar Mangalam Birla, the group’s outfit Aditya Birla Nuvo had set up a 51:49 joint venture — Aditya Birla Idea Payments Bank Ltd — with telecom major Idea Cellular to launch payments bank services in the country.

Aditya Birla Idea Payments Bank receives license from the RBI to start services

 

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How many payment bank :wall

 

[iSK]

How many payment bank :wall

More to come :k:lol

 

[rahul1117kumar]

Idea Cellular to launch payments bank operations in June

Idea Cellular has set itself a June target to launch payments bank operations and is signing up retailers who sell its telecom services to also double up as banking touch points to allow customers to carry out transactions.

The company, that recently received the Reserve Bank of India's final approval to open its payments bank, is in the process of integrating its systems with those of the
National Payments Corporation of India and the RBI . Joining the network will allow it to facilitate interbank electronic transactions.

Idea Cellular: Idea Cellular to launch payments bank operations in June, Telecom News, ET Telecom

 

[Bapun]

Aditya Birla Idea Payments bank is among seven entities to get a final approval from the banking regulator. Airtel Payments Bank Ltd was the first payments bank. So far, Airtel, Paytm, India Post, and Fino Payments Banks have been launched

After a wait of over 10 months, Aditya Birla Idea Payments Bank Limited has commenced operations as a payments bank with effect from February 22, 2018, the Reserve Bank of India said on its website on Thursday.

Aditya Birla Idea Payments Bank starts operations from February 22

 

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Aditya Birla Payment Bank logo