Aditya Birla Nuvo

Payments banks: Not corporate biggies but India Post will emerge the dark horse in race for market

Since payments banks do not require huge amount of capital, India Post will not have to struggle much to seek the capital assistance from the finance ministry

Small finance bank licences next month, says Rajan

Rajan further said there is a pick up in the economy and the rural economy may also see an uptrend if monsoon improves and sowing is good.

India Post says open to partnerships for payments bank

With 155,015 post offices across the country, of which 139,144 are in rural areas, India Post offers its partner a wider reach.

11 entities get payments bank licences: What it means for Indian banking sector

Here is a low down on the latest development

RBI paves way for banking revolution: 11 entities get nod for payments banks

Payment banks allow mobile firms, supermarket chains, and others to cater to individuals and small businesses.

Payments banks important step, to expand rural banking, says Jaitley

SBI, the country's largest lender, will take as much as 30 percent in RIL's proposed bank.

Aditya Birla Nuvo Q3 net rises 7% to Rs 368 crore

Diversified firm Aditya Birla Nuvo today reported 6.62 percent rise in consolidated net profit at Rs 368.14 crore for the quarter ended December 2014.

Aditya Birla Nuvo forms JV with Idea Cellular to apply for payment bank licence

Diversified firm Aditya Birla Nuvo Ltd (ABNL) today applied for the payments bank licence with the Reserve Bank of India.

Pantaloons to raise Rs 1,000 cr through NCDs via private placement

BSE to rejig indices from Dec 23

The exchange, Asia's oldest, will include Axis Bank in the S&P BSE Sensex and Aditya Birla Nuvo in the S&P BSE 100 index effective from December 23.