Supermarket czar Kishore Biyani — known for his flagship brand ‘Big Bazaar’ — has said that he is readying to enter the ‘differential’ banking platform in a big way and would be applying for ‘payment’ bank or ‘small bank’ licence as soon as the final policy is placed — most likely by next month. Biyani had earlier too wanted to float a financial supermarket in India.
“We already have the required infrastructure and we are interested in applying for the payment bank or as a small bank, “ Kishore Biyani, CEO, Future Group told The Pioneer.