Payment Banks in hindi
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On 19 August 2015, the Reserve Bank of India gave "in-principle" licenses to eleven entities to launch payments banks.[11]
Aditya Birla Nuvo
Airtel M Commerce Services
Cholamandalam Distribution Services
India Post
Fino PayTech
National Securities Depository
Reliance Industries
Vodafone M-Pesa
Paytm
Tech Mahindra
Sun Pharmaceuticals
Bharti Airtel launched India's first live payments bank in March 2017.[12] Paytm and India Post have also launched services. Cholamandalam Distribution Services, Sun Pharmaceuticals and Tech Mahindra have surrendered their licenses.