Airtel Money-Kotak Mahindra Bank JV Gets First Payments Bank License from RBI; Cholamandalam Quits
The race for launching India’s first payments bank has been won by a joint venture between Airtel and Kotak Mahindra Bank. Reserve Bank of India (RBI) allocated the license to Bharti Airtel-Kotak JV yesterday; and this means that Paytm…