Bharti Airtel’s subsidiary gets scheduled bank status from RBI

Bharti Airtel’s subsidiary — Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI). With this, Airtel Payments Bank can now pitch for government-issued Requests for Proposals (RFPs) and primary auctions and undertake both central and state government business, besides participating in government-operated welfare schemes.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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