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Banks
Introduction
Cont...
On (19-Aug-2015)RBI grants in-principle Network
Operation Division (NOD) to 11 companies for
payments bank license: 1)National Securities Depository Limited (NSDL),
2) Reliance Industries,
3) Aditya Birla Nuvo,
4) Airtel M Commerce,
5) Department of Posts,
6) Fino Paytech,
7) Tech Mahindra,
8) Vodafone m-pesa,
9) Cholamandalam Distribution services,
10) Pay tm and
11) Sun Pharma.
Payment Bank
Meaning
Objectives of
Payments banks
RBI Guidelines
Operational Details
The Payments Bank will be required to
use the word Payments in its
name.
The
Payments
Bank
will
be
registered as a public limited
company under the Companies
Act, 2013, and licensed under the
Banking Regulation Act, 1949.
Maintain
(CRR)
Cash
Reserve
Ratio
Scope of Activities
Small Banks
scenario.
Branch expansion: For the initial three years, prior approval will be
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