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Airtel Payments Bank received Scheduled Bank Status

Published on January 06, 2022
Current Context: The Reserve Bank of India (RBI) has granted scheduled banks to Airtel Payments Bank.
Airtel Payments Bank received Scheduled Bank Status
  • The status is given in the second schedule of the Reserve Bank of India Act, 1934.
  • Now onwards, the Airtel Payments Bank can pitch for the government.
  • It has become 4th payment bank to receive the status.
  • It will be able to perform business opportunities with central and state governments.
  • It can also participate in primary auctions and in government welfare schemes.
  • Static Part: 
    • HQ of Airtel Payments Bank: New Delhi
    • MD and CEO of Airtel Payments Bank: Anubrata Biswas
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