Hyderabad: The National Securities Depository Limited (NSDL), who are waiting for the Reserve Bank of India’s approval, hopes to launch its payment bank’s operations within a month, according to a top official here on Wednesday.
Speaking to the media, NSDL MD and CEO G.V. Nageswar Rao said that NSDL has already obtained license from the apex bank and filed an application seeking clearance for launching operations.
Mr Nageswar Rao added that NSDL has been given licence by the Reserve Bank to set up a payments bank, focused on making digital payments. “It will be a digital bank focused on making digital payments. In a month’s time, we should be able to commence operations,” he said.
Meanwhile, Kotak Securities announced the launch of “Free Intraday Trading”. “Free Intraday Trading” is KSL’s innovation-led ambitious organic growth charter to double its customer base in 18 months,” Kotak Securities, MD and CEO Kamlesh Rao said.
