Thursday, September 3, 2020

Aditya Birla Idea Payments Bank ceased to be banking company: RBI

The decision to shut operations by the Aditya Birla Idea Payments Bank was taken due to unanticipated developments in the business landscape which have made the economic model unviable, a regulatory filing by the Vodafone Idea Limited had said in July last year.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/aditya-birla-idea-payments-bank-ceased-to-be-banking-company-rbi/articleshow/77915236.cms

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