Paytm bank coming in August, says CEO Vijay Shekhar

Paytm, India’s leading mobile wallet, will launch its payment bank by August this year. (Source: Screenshots of the Paytm app)
Mobile payment service Paytm says its payment bank will launch by August, and that the Noida-based company is currently in the middle of submitting its final proposal to the RBI. India’s banking regulator had granted an in-principle ‘payment bank license’ to 11 entities including Reliance Industries, Vodafone, Airtel, Paytm, among others in Augus