---
title: "The Aditya Birla Idea Payments Bank has started operations. As per which section of the Banking Regulation Act 1949, the RBI issued licence to the bank?"  
description: "The Aditya Birla Idea Payments Bank has started operations. As per which section of the Banking Regulation Act 1949, the RBI issued licence to the bank?"  
author: "Reyansh Singh"  
published: 2018-03-11  
canonical: https://answers.mindstick.com/qa/39205/the-aditya-birla-idea-payments-bank-has-started-operations-as-per-which-section-of-the-banking-regulation-act-1949-the-rbi-issued-licence-to-the-bank  
category: "current affair"  
tags: ["current affair"]  
reading_time: 1 minute  

---

# The Aditya Birla Idea Payments Bank has started operations. As per which section of the Banking Regulation Act 1949, the RBI issued licence to the bank?

The [Aditya Birla](https://answers.mindstick.com/qa/38520/name-the-aditya-birla-group-chairman-who-was-declared-the-ceo-of-the-year-at-the-fourth-edition-of-the-international-advertising-association-iaa-awards) Idea [Payments](https://www.mindstick.com/news/2458/elon-musk-claims-that-twitter-will-introduce-encrypted-direct-messages-and-payments) Bank has started operations. As per which [section](https://answers.mindstick.com/qa/93472/how-to-locate-myself-to-jobs-section-at-mindstick) of the [Banking](https://www.mindstick.com/articles/44009/blockchain-revolution-in-banking) [Regulation](https://www.mindstick.com/news/2377/china-s-cyberspace-administration-has-updated-its-guidelines-for-controlling-online-comments) Act 1949, the [RBI](https://www.mindstick.com/news/2467/on-december-1-rbi-will-launch-its-first-retail-digital-rupee-pilot) issued licence to the bank?


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Original Source: https://answers.mindstick.com/qa/39205/the-aditya-birla-idea-payments-bank-has-started-operations-as-per-which-section-of-the-banking-regulation-act-1949-the-rbi-issued-licence-to-the-bank

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