The list of applications for Payment and Small banks has been released . And interesting among them are: Public Companies Dewan Housing Finance (Small bank) IIFL Holdings (Small bank) SKS Microfinance (Small bank) Aditya Birla Nuvo (Payment bank) Airtel (Payment bank) Cholamandam Finance (Payment bank) Reliance Industries (Payment bank) Tech Mahindra (Payment bank) Vakrangee (Payment bank) Videocon d2h (Payment bank) Weizmann Forex (Payment bank) Individuals Kishore Biyani – Future Group (Payment bank) Dilip Shanghvi – Sun Pharma (Payment bank) George Muthoot – Muthoot Finance (Payment bank) Vijay Shekhar Sharma -PayTM and One97 [Unlisted] (Payment bank) Cherian Verghese (Union KBC MF Trustee) (Small bank) M.R.Seetharam – MS Ramaiah’s son, Bangalore politician. (Small bank) No idea why they didnt apply from their companies; perhaps the idea is to create another entity that houses the payment bank. Institutions Department of Posts (Payment bank) NSDL (Payment bank) Repco Microfinance (Small bank) There are also many payment companies like Itz cash, Eko, Fino pay etc.… (Read On…)
[via Capital Mind]
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