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Aditya Birla Idea Payments Bank Begins Operations
February 26, 2018
This Thursday, Aditya Birla Idea Payments Bank started its operations to become India’s fourth institution in the space. However, it’s only one of the 11 firms that received a license from the Reserve Bank of India for starting a payments bank in the country.
Bharti Airtel was the first entity to launch a payments bank in November 2016. It was followed by Paytm Payments Bank and FINO Payments Bank Limited both of which started their operations in 2016. Thus, Aditya Birla Idea Payments Bank is the fourth one to join the league.
