RBI to open doors to Tatas, Birlas, Ambanis to set up banks

When the Reserve Bank of India (RBI) had opened the doors for corporate to set up payments banks for the first time, big industrial houses like the Tatas, Birlas, Ambanis, Mahindras and few others had made a beeline for a differentiated banking license. Reliance Industries, Aditya Birla Nuvo, Tech Mahindra, Tata Sons, Sun Pharma, all had applied for a licence.

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