Payment Banks

Chennai/New Delhi, Aug 19: The Reserve Bank of India (RBI) on Wednesday granted 'in principle' approval to 11 applicants, including Reliance Industries Ltd., Aditya Birla Nuvo Ltd., Department of Posts and Cholamandalam Distribution…

The Reserve Bank of India (RBI) has granted 'in-principle' approval to 11 applicants for payments banks. Nod has been given to Aditya Birla Nuvo, Airtel M Commerce, Dept of Posts, NSDL, Reliance Ind, Tech Mahindra, Vodafone m-pesa,…