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Aditya Birla Idea Payments Bank To Launch In First Half Of 2017

Aditya Birla Idea Payments Bank To Launch In First Half Of 2017

Friday, December 30, 2016, 1:37 PM

Aditya Birla Idea Payments Bank, is set to launch its services in the first half of 2017. Aditya Birla Idea Payments Bank is a 51:49 joint venture between Aditya Birla Nuvo Ltd (ABNL) and telecom Major, Idea Cellular. Payments banks can accept deposits from individuals and small businesses, up to a maximum of INR 1 lakh per account. Payment banks do not lend.
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