Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India.
- With scheduled bank status, Airtel Payments Bank can now pitch for government issued Requests for Proposals (RFP) and primary auctions and undertake both Central and State Government business besides participating in government operated welfare schemes.
- Airtel Payments Bank has a base of 115 million users.
- The bank turned profitable in the quarter ended September.
- It offers a diverse suite of digital solutions through the Airtel Thanks app and a retail network of over 5,00,000 neighbourhood banking points
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