- 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
Published on January 06, 2022
Current Context: The Reserve Bank of India (RBI) has granted scheduled banks to Airtel Payments Bank.
Labels:
Banking
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