RBI Grants Approval to Reliance Jio for Jio Payments Bank
Catching up on the growing fintech and payments scene, Reliance Jio has also confirmed their plans to start ‘Jio Payments Bank’ last year. And the Reserve Bank of India (RBI), on Tuesday, officially announced that Jio Payments Bank had commenced operations starting April 3, 2018. The Reserve Bank of India in their official statement said: "The Reserve Bank has issued a licence to the bank under Section 22 (1) of... Read More