Sunday, May 22, 2022

The RBI’s gift to Airtel, as well as the Payments Bank’s elevated status

Anubrata Biswas, Chief Executive Officer (CEO) of Airtel Payments Bank (Airtel Payments Bank), stated that Airtel scheduled Bank (the Bank Payments Scheduled Bank we are grateful for the Reserve Bank to status).

The Reserve Bank of India (RBI) has designated Airtel Payments Bank (Airtel Payments Bank) as a scheduled bank (Scheduled Bank) ( Classified have).

Airtel issued an official statement.

This information was provided by Airtel Payments Bank on Tuesday. After receiving Scheduled Bank status, Airtel Payments Bank will be able to participate in government-issued Request for Proposal (RFP) and Primary Auctions, as well as to conduct business with both the Central and State Governments, according to a statement.

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The nation’s digital bank

She also has welfare programs (government operations Operational Welfare Schemes can participate in). Airtel Payments Bank expands digital banking (the fastest in the country). The number of experimenters (Users) is 11.5 million.

Profitability of Airtel Bank

The bank became profitable in the third quarter of 2021. Anuvrat Biswas, Chief Executive Officer (CEO) of Airtel Payments Bank, stated, “We are grateful to the Reserve Bank for granting Airtel Payments Bank Scheduled Bank status.”

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