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RIL, Aditya Birla Group, Airtel, Future Group jump into fray for payment bank licences

Feb 03, 2015    

New Delhi: Big corporate houses including RIL, Aditya Birla Group, Airtel and Future Group have joined the race for payment bank licence while a number of entities have also applied for setting up small finance banks.The deadlines for seeking both kinds of niche banking licences ended today and a final call would be taken on the applications by the RBI in due course.Those having applied for small finance bank licence include SKS Microfinance, UAE Exchange India, Dewan Housing Finance and SE Investments. RBI has introduced these two niche banking categories to push forward financial inclusion a...

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