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RBI Clears 11 Payments Banks - (20 Aug 2015)

Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, top conglomerates such as Reliance Industries, Aditya Birla Group, Airtel , Vodafone etc. Also includes a number of tech and finance companies.

Tags : RESERVE BANK OF INDIA   PAYMENTS BANKS  

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