Aditya Birla Group gets RBI licence to start payments bank
The Aditya Birla Group said on Tuesday it has received licence from the Reserve Bank of India to start its payments bank. Headed by Kumar Mangalam Birla, Aditya Birla Nuvo had set up a joint venture with telecom major Idea called Aditya Birla Idea Payments Bank. At present, Airtel and India Post are offering payments bank services in the country.