Aditya Birla Idea Payments Bank ceased to be banking company: RBI

The decision to shut operations by the Aditya Birla Idea Payments Bank was taken due to unanticipated developments in the business landscape which have made the economic model unviable, a regulatory filing by the Vodafone Idea Limited had said in July last year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Z2T5eF