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Security depository NSDL hopes to launch Payments Bank by May

Security depository NSDL hopes to launch Payments Bank by May

Wednesday, March 15, 2017, 8:17 PM

India’s biggest security depository NSDL said it has applied to RBI for the final licence for its payments bank and is aiming to launch the entity by May. NSDL has replied to all queries posed by the RBI after it received an in-principal approval in 2015, after which the application for the final licence was made, MD and chief executive GV Nageswara Rao told.
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