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Aditya Birla Group gets RBI licence to start payments bank

Aditya Birla Group gets RBI licence to start payments bank

Tuesday, April 4, 2017, 8:31 PM

The Aditya Birla Group said it has received licence 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.
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