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NSDL, Fino Paytech get final licence

The Reserve Bank of India (RBI) has granted the final licence for payments bank to two more entities — Fino Paytech and National Securities Depository Limited (NSDL) — taking the number of entities who have received the final licence to six.

Among the 11 entities that had received in-principle licence in August 2015, three players, Cholamandalam, Tech Mahindra and Dilip Shanghvi, dropped out. Vodafone m-pesa is yet to apply for the final licence, while Aditya Birla group is yet to get the final nod.

A top official from NSDL said it aimed to start operations in three months.


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Printable version | May 22, 2022 7:34:54 pm | https://www.thehindu.com/business/nsdl-fino-paytech-get-final-licence/article17759047.ece