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Payment Banks Case Study 1 - Why They Got License & Expectations [Cholamandalam Investment and Finance Payments Company]

Cholamandalam Investment and Finance has got a principal approval from the Reserve Bank of India to set up a Payments Bank. The payments bank, to be launched by the group is expected to be a 100 per cent subsidiary of Cholamandalam and expected to have a nation-wide presence. However, the firm plans to partner with those who can bring technology or provide access to a wider customer base in the near future.

Chol ...

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