Aurionpro s subsidiary Aurionpro Payment Solutions Pvt Ltd. has received an in-principle approval from the RBI to operate as a Payment Aggregator under the Payment and Settlement Act, 2007.
Based on the recommendation of the Board of Directors of the Bank, the Reserve Bank of India has given its approval for the re-appointment of Dr.N.Kamakodi as the MD & CEO of City Union Bank Ltd w.e.f May 01, 2023 for a period of three years.
The RBI vide its communication dated April 19, 2023, has approved the appointment of Mr. Kaizad Bharucha as Deputy Managing Director and Mr. Bhavesh Zaveri as Executive Director of the Bank for a period of 3 years w.e.f. April 19, 2023.
Infibeam Avenues Ltd is further expanding its base and reach in the digital payments ecosystem, with RBI nod to operate as a Payment Aggregator and a perpetual license from the RBI for its bill payments business, BillAvenue.
Fino Payments Bank Limited has received the RBI approval for commencing International Remittance business under the Money Transfer Service Scheme (MTSS).