InvestorQ : The RBI gave in-principle nod to 11 applicants for launching payment banks. Are all of them active?
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The RBI gave in-principle nod to 11 applicants for launching payment banks. Are all of them active?

Answer
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1 year ago


Yes, the RBI had given 11 applicants in-principle nod for launching their payment banks. These 11 applicants were:


1. Aditya Birla Nuvo Limited
2. Airtel M Commerce Services Limited
3. Cholamandalam Distribution Services Limited
4. India Department of Posts
5. Fino PayTech Limited
6. National Securities Depository Limited
7. Reliance Industries Limited
8. Shri Dilip Shantilal Shanghvi
9. Shri Vijay Shekhar Sharma
10. Tech Mahindra Limited
11. Vodafone m-pesa Limited


However, not all of these entities launched their payment banks. Thus, there are only seven active payment banks currently. These are:


1. Aditya Birla Payments Bank
2. Airtel Payments Bank
3. India Post Payments Bank
4. Fino Payments Bank
5. Jio Payments Bank
6. Paytm Payments Bank
7. NSDL Payments Bank