Aditya Birla Capital Limited (ABCL) has announced a significant development in its digital financial services portfolio. The Reserve Bank of India (RBI) has granted 'In-Principle' authorization to Aditya Birla Capital Digital Limited, a subsidiary of ABCL, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007.

Regulatory Approval Details

According to a regulatory filing by Aditya Birla Capital Limited, the RBI's approval was conveyed through a letter dated August 20, which the company received on August 26. This authorization marks a crucial step for ABCL in expanding its presence in the digital payments ecosystem.

Implications for Aditya Birla Capital

The approval allows Aditya Birla Capital Digital Limited to facilitate digital payment processing services, potentially opening up new revenue streams and enhancing the company's fintech offerings. As an Online Payment Aggregator, the subsidiary will be able to provide payment services to merchants and e-commerce platforms, streamlining online transactions for consumers.

Market Position and Future Outlook

This move aligns with the growing trend of traditional financial services companies venturing into the digital payments space. By obtaining this authorization, Aditya Birla Capital is positioning itself to compete more effectively in the rapidly evolving fintech landscape.

Upcoming Investor Conference

In related news, Aditya Birla Capital Limited has also announced its participation in the Motilal Oswal 21st Annual Global Investor Conference, scheduled for September 1 in Mumbai. This event provides an opportunity for the company to engage with institutional investors and potentially discuss its recent developments, including the RBI's authorization for its digital payments subsidiary.

The company's proactive approach in both regulatory compliance and investor relations underscores its commitment to growth and transparency in the financial services sector.

Aditya Birla Capital Limited (ABCL) has received approval from the Reserve Bank of India (RBI) for two significant leadership appointments, marking a new chapter in the company's management structure.

New Leadership Appointments

The RBI has given its nod to the appointments of:

1. Vishakha Mulye as Managing Director and CEO
2. Rakesh Singh as Executive Director and CEO (NBFC)

These appointments, initially recommended by ABCL's Board of Directors on March 31, 2025, have now received the central bank's stamp of approval.

Approval Timeline and Validity

• RBI Approval Date: August 22, 2025
• Company Receipt Date: August 25, 2025
• Validity Period: Six months from the date of issue

Next Steps

Aditya Birla Capital has announced that it will soon convene a Board of Directors meeting to:

1. Formalize these appointments
2. Seek shareholder approval for the new leadership roles

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background on Appointments

• Vishakha Mulye: Recommended for a five-year term as Managing Director and CEO
• Rakesh Singh: Appointed as Executive Director and CEO (NBFC) until July 22, 2027

These appointments are subject to shareholder approval, which the company will seek in due course.

The RBI's approval for these key leadership changes comes as part of the regulatory process under the Master Direction – Reserve Bank of India (Non-Banking Financial Company (NBFC) – Scale Based Regulation) Directions, 2023.