441:
195:(RBI) to set-up payments banks in India, in August 2015. Post the in-principle approval, RBI had issued a license to Aditya Birla Payments Bank under Section 22 (1) of the Banking Regulation Act, 1949 to commence with the business of payments bank in April 2017.
382:
258:
408:
232:
306:
324:
179:
On 20 July 2019, Aditya Birla
Payments Bank announced that it would be shutting down operations subject to the receipt of requisite regulatory consents and approval.
498:
513:
350:
493:
508:
172:. Launched on 22 February 2018, it is the fourth payments bank to begin operations since issuance of licenses to 11 firms by the
503:
198:
Aditya Birla
Payments Bank earlier operated as IMCSL (Idea Mobile Commerce Services Ltd) as a brand of Idea Cellular Ltd.
478:
121:
Banking, Payments & Payments
Systems, UPI, NEFT, IMPS, Third Party Loan Referral, Digital wallet, Group Insurances
518:
201:
Aditya Birla Nuvo
Limited holds 51 percent shares while the remaining 49 percent are with Idea Cellular.
284:
483:
473:
328:
236:
488:
357:
30:
192:
173:
212:, discontinued its banking business within 2 years of its inceptions due to lack of funds.
8:
413:
409:"Aditya Birla Group closes its banking business within 2 years of operations - ET BFSI"
386:
262:
205:
40:
188:
131:
126:
467:
209:
169:
165:
136:
446:
307:"Aditya Birla Idea Payments Bank to close operations - Times of India"
191:) was one of the 11 entities to receive an in-principle approval by
113:
Savings
Account, BHIM ABPB UPI, ABPB Wallet, ABPB Payments Gateway
233:"Aditya Birla Nuvo forms JV with Idea Cellular for payments bank"
456:
148:
383:"Idea Mobile Commerce to merge with Aditya Birla Idea Payments"
77:
285:"Aditya Birla Idea Payments Bank Limited commences operations"
204:
Aditya Birla
Payments Bank, which was a joint venture between
83:
325:"Grasim gets investors' nod to merge AB Nuvo with itself"
168:
started as a joint venture by Aditya Birla Nuvo Ltd. and
436:
259:"Aditya Birla Idea Payments Bank begins operations"
465:
99:Dev Bhattacharya (Non-Executive Director)
102:Sudhakar Ramasubramanian (MD & CEO)
466:
227:
225:
499:Indian companies established in 2016
13:
514:2016 establishments in Maharashtra
222:
14:
530:
494:Privately held companies of India
432:
439:
509:2019 disestablishments in India
401:
375:
356:. 5 April 2017. Archived from
343:
317:
299:
277:
251:
1:
215:
504:Banks disestablished in 2019
7:
10:
535:
182:
162:Aditya Birla Payments Bank
22:Aditya Birla Payments Bank
479:Banks established in 2016
189:Grasim Industries Limited
143:
132:Grasim Industries Limited
125:
117:
109:
90:
72:
64:
46:
36:
26:
329:The Hindu Business Line
237:The Hindu Business Line
187:Aditya Birla Nuvo (now
351:"ABNLSELetter-april17"
519:Banks based in Mumbai
193:Reserve Bank of India
174:Reserve Bank of India
164:Limited (ABPB) was a
137:Idea Cellular Limited
52:; 8 years ago
50:19 February 2016
23:
414:The Economic Times
387:The Economic Times
311:The Times of India
287:. 22 February 2018
265:. 22 February 2018
263:The Economic Times
239:. 19 February 2018
41:Financial services
21:
206:Aditya Birla Nuvo
159:
158:
526:
460:
459:
457:Official website
449:
444:
443:
442:
426:
425:
423:
421:
405:
399:
398:
396:
394:
379:
373:
372:
370:
368:
363:on 13 April 2018
362:
355:
347:
341:
340:
338:
336:
321:
315:
314:
303:
297:
296:
294:
292:
281:
275:
274:
272:
270:
255:
249:
248:
246:
244:
229:
176:in August 2015.
155:
152:
150:
60:
58:
53:
24:
20:
534:
533:
529:
528:
527:
525:
524:
523:
484:Online payments
464:
463:
455:
454:
445:
440:
438:
435:
430:
429:
419:
417:
407:
406:
402:
392:
390:
389:. 29 April 2016
381:
380:
376:
366:
364:
360:
353:
349:
348:
344:
334:
332:
323:
322:
318:
313:. 20 July 2019.
305:
304:
300:
290:
288:
283:
282:
278:
268:
266:
257:
256:
252:
242:
240:
231:
230:
223:
218:
185:
147:
135:
105:
93:
86:
80:
56:
54:
51:
17:
12:
11:
5:
532:
522:
521:
516:
511:
506:
501:
496:
491:
486:
481:
476:
474:Payments banks
462:
461:
451:
450:
434:
433:External links
431:
428:
427:
400:
374:
342:
331:. 7 April 2018
316:
298:
276:
250:
220:
219:
217:
214:
184:
181:
157:
156:
145:
141:
140:
129:
123:
122:
119:
115:
114:
111:
107:
106:
104:
103:
100:
96:
94:
91:
88:
87:
82:
76:
74:
70:
69:
66:
62:
61:
48:
44:
43:
38:
34:
33:
28:
15:
9:
6:
4:
3:
2:
531:
520:
517:
515:
512:
510:
507:
505:
502:
500:
497:
495:
492:
490:
489:Indian brands
487:
485:
482:
480:
477:
475:
472:
471:
469:
458:
453:
452:
448:
437:
416:
415:
410:
404:
388:
384:
378:
359:
352:
346:
330:
326:
320:
312:
308:
302:
286:
280:
264:
260:
254:
238:
234:
228:
226:
221:
213:
211:
210:Idea Cellular
207:
202:
199:
196:
194:
190:
180:
177:
175:
171:
170:Idea Cellular
167:
166:payments bank
163:
154:
146:
142:
138:
133:
130:
128:
124:
120:
116:
112:
108:
101:
98:
97:
95:
89:
85:
79:
75:
71:
68:Closed (2019)
67:
63:
49:
45:
42:
39:
35:
32:
29:
25:
19:
16:Payments Bank
447:Banks portal
418:. Retrieved
412:
403:
391:. Retrieved
377:
365:. Retrieved
358:the original
345:
333:. Retrieved
319:
310:
301:
289:. Retrieved
279:
267:. Retrieved
253:
241:. Retrieved
203:
200:
197:
186:
178:
161:
160:
151:.adityabirla
73:Headquarters
27:Company type
18:
468:Categories
393:17 October
367:17 October
335:17 October
291:17 October
269:17 October
243:17 October
216:References
92:Key people
57:2016-02-19
118:Services
110:Products
37:Industry
420:23 July
183:History
144:Website
55: (
47:Founded
31:Private
127:Parent
78:Mumbai
361:(PDF)
354:(PDF)
153:.bank
139:(49%)
134:(51%)
84:India
422:2020
395:2018
369:2018
337:2018
293:2018
271:2018
245:2018
208:and
65:Fate
149:www
470::
411:.
385:.
327:.
309:.
261:.
235:.
224:^
81:,
424:.
397:.
371:.
339:.
295:.
273:.
247:.
59:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.