Payments Bank

Reliance Industries has roped in the State Bank of India (SBI) as an active equity partner as it seeks a licence to extend affordable banking and payments solutions in the country with access to 15,869 branches and vast network of India's…

Aditya Birla Nuvo Limited (ABNL), promoter and largest shareholder of Idea Cellular, Monday applied for Payments Bank licence with the Reserve Bank of India (RBI), a filing in the Bombay Stock Exchange by the companies said. "ABNL has Feb…