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  2. Yes Bank - Wikipedia

    en.wikipedia.org/wiki/Yes_Bank

    In May 2004, Yes Bank obtained banking license from the Reserve Bank of India (RBI). [13] Initially, Rana Kapoor and Ashok Kapur each held 26% in the bank, Rabobank owned 20%, newly-appointed directors were allocated 3% and private equity firms held the remaining 25%. [14] The bank opened its first branch in August 2004. [11]

  3. Payments bank - Wikipedia

    en.wikipedia.org/wiki/Payments_bank

    The RBI will grant full licenses under Section 22 of the Banking Regulation Act, 1949, after it is satisfied that the conditions have been fulfilled. [ 12 ] March 2019 witness, Paytm account for over 19% of all mobile-banking transactions while Airtel's Payments Bank contributed more than 5% to the 867 million transactions made during the month.

  4. Institute for Development and Research in Banking Technology

    en.wikipedia.org/wiki/Institute_for_Development...

    With a view to provide focused attention and enable development of techno-banking in the country, the institute has promoted a new Section 8 company named The Indian Financial Technology and Allied Services (IFTAS). Headquartered in Mumbai, the mandate of the IFTAS is to provide IT-related services to the RBI, banks and other financial ...

  5. Paytm Payments Bank - Wikipedia

    en.wikipedia.org/wiki/Paytm_Payments_Bank

    In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [4] [5] [6] In 2021, the bank received a scheduled bank status from the RBI. [7] [8] Vijay Shekhar Sharma holds 51 percent in the entity with One97 Communications holding 49 percent. Vijay Shekhar Sharma is the ...

  6. List of regulators in India - Wikipedia

    en.wikipedia.org/wiki/List_of_regulators_in_India

    RBI – Reserve Bank of India. 1.2 2. SEBI – Securities and Exchange Board of India ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...

  7. Airtel Payments Bank - Wikipedia

    en.wikipedia.org/wiki/Airtel_Payments_Bank

    In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up Payments Bank under the guidelines for Licensing of Payments Bank. [6]On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.

  8. National Payments Corporation of India - Wikipedia

    en.wikipedia.org/wiki/National_Payments...

    National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.

  9. Equitas Small Finance Bank - Wikipedia

    en.wikipedia.org/wiki/Equitas_Small_Finance_Bank

    After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, [5] Equitas Small Finance bank began banking on 5 September 2016. [6] With effect from 4 February 2017, Equitas became a scheduled bank. [7] However, the company failed to meet the RBI's mandate of listing within three years of starting operations.