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Aircel may approach RBI for payments bank licence

Aircel may approach RBI for payments bank licence

Wednesday, April 19, 2017, 1:31 PM

Aircel plans to approach the Reserve Bank of India for a payments bank license after completing the merger of Reliance Communications’ wireless business with itself, a top official said. “We intend to approach RBI once this current thing (merger) is over. We do aspire to become a bank,” LV Sastry, business head for Aircel’s mobile banking and commerce business, said.
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