Payments Banks are banks which are set up with an objective to provide small savings accounts and payments or remittance services to low income households, small businesses, other unorganized sector entities and other users. These banks can able to operate current accounts and saving accounts. They can issue ATM or Debit cards, Net Banking and Mobile Banking facilities but don’t have rights to provide lending services such as credit cards and issue loans facilities.
Below is a list of Active payment banks Headquarters, Taglines, MD & CEO and Chairman. They are important from exam point of view for various banking examinations like SBI PO, SBI CLERK, IBPS PO, IBPS CLERK etc.
1). Airtel Payment Bank (1st Payment Bank, April 1 2016)
Headquarter
Tagline
MD/ CEO/ CMD
Chairman
New Delhi
Banking Is Now At Your Fingertips India’s First Payment Bank
Anubrata Vishwas
Sunil Bharti Mittal
2). FINO Payment Bank
Headquarter
Tagline
MD/ CEO/ CMD
Chairman
Mumbai
Qadar Aapki Mehnat Ki
Rishi Gupta
Mahendra Kumar Chouhan
3). Indian Post Payment Bank
Headquarter
Tagline
MD/ CEO/ CMD
Chairman
New Delhi
Aapka Bank Aapka Dwar
Suresh Sethi
Suresh Sethi
4). Jiyo Payment Bank
Headquarter
Tagline
MD/ CEO/ CMD
Chairman
Mumbai
YOUR EVERYDAY BANK For all of your payments, banking and financial needs
H Srikrishnan
Vivek Bhandari
5). Paytm Payment Bank
Headquarter
Tagline
MD/ CEO/ CMD
Chairman
Noida
Simplifying Payments For India
Renu Sati
Vijay Shekhar Sharma
6). Aditya Birla Payment Bank
Headquarter
Tagline
MD/ CEO/ CMD
Chairman
Mumbai
Get To Know Us Better
Sudhakar Ramasubramanian
Himanshu Kapania
7). NSDL Payment Bank
Headquarter
Tagline
MD/ CEO/ CMD
Chairman
Mumbai
Technology Trust and Reach
Mr. G. V. Nageswara Rao
Mr. B. A. Prabhakar
As of now, 7 Payments Banks are live and Jiyo was the latest payment bank to commence its operation. NSDL and Vodafone payments banks are expected to be live soon.
RBI gives license to 11 entities selected to launch Payment banks on 19 August 2015. They are
Aditya Birla Nuvo
Airtel M Commerce Services
Cholamandalam Distribution Services
Department of Posts
FINO PayTech
National Securities Depository Limited (NSDL)
Reliance Industries
Sun Pharmaceuticals
Paytm
Tech Mahindra
Vodafone M-Pesa
Out of these, Cholamandalam Distribution Services, Sun Pharmaceuticals and Tech Mahindra have surrendered their licenses.
Payment Banks Headquarters and Taglines4.55Yateendra sahuApril 6, 2019 Payments Banks are banks which are set up with an objective to provide small savings accounts and payments or remittance services ...
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