BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Wednesday, May 4, 2016

Airtel Payments Bank to begin operations from Q2

Airtel M-Commerce Services, a subsidiary of Bharti Airtel (Airtel), on Tuesday said it has been renamed asAirtel Payments Bankafter receiving the necessary approvalsfrom all concerned authorities.

The company also unveiled a new logo to reflect its new identity. The company plans to start rolling out its banking network in the second quarter of the current financial year, it said in a statement.

On April 11, Airtel Payments Bank received a payments bank licence from the Reserve Bank of India. It plans to leverage on Airtel’s national distribution network in the rural areas and offer a platform to deliver banking services to the last mile.

Currently, the Airtel distribution channel is spread across 15-lakh outlets covering around 87 per cent of the country’s population.

Kotak Mahindra Bank has acquired 19.90 per cent stake in Airtel Payments Bank for around Rs98.8 crore. 

No comments:

33.9 million Jobs: Good News! India plans to add 33.9 million jobs by 2028

33.9 million Jobs : India’s workforce is anticipated to expand from 423.73 million in 2023 to 457.62 million by 2028, adding a net gain of a...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">