RBI’s move to deepen financial inclusion by opening payment banks
have gathered an over whelming response with top private companies eager
to obtain license. Now this has gained importance with the alliance
formed between Aditya Birla Nuvo Ltd and Idea Cellular to obtain payment
bank license.
Major contenders: RIL, UAE exchange, dewan housing finance, Airtel, Videocon, Aditya Birla, Reliance
- Share: Aditya Birla- 51% & Idea- 49%
- Other ventures: SBI and Reliance Industries Limited
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