RBI Issues Payments Bank Licenses To 11 Entities | RIL, Vodafone & Paytm Among Winners

The RBI has approved licenses for 11 payment banks, & India Inc behemoths will now get a shot at this business opportunity. From Reliance Industries to Sun Pharma’s Dilip Sanghvi to the new-age players like Paytm and FINO PayTech have all got the in-principle approval to launch payments banks over the next 18 months. So how will these banks play out and what will be the impact on traditional private and public sector banks? To get answers to just this, ET NOW’s Sandeep Gurumurthi and Supriya Shrinate are joined by, Vijay Shekhar Sharma – Founder of Paytm and CP Gurnani – CEO & MD of Tech Mahindra who are also among the license winners! Listen in.