New Delhi, January 05 (Agency), Airtel Payments Bank was included in the list of planned banks by the Reserve Bank of India. According to an announcement issued by Airtel Payments Bank on Tuesday, after acquiring the status of a planned bank, this bank will now participate in the proposals for proposal (AFP) issued by the government and in the primary auction of securities, together with the central and state governments have become eligible for work. The bank may also be lagging behind government-sponsored welfare programs.
Anuvrat Biswas, CEO and CEO of Airtel Payments Bank said in a statement, “This recognition for the bank marks a milestone in our expansion journey. This will further strengthen our customers’ trust in us “.
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The bank is currently one of the fastest growing banks in the digital banking sector in India. It says it has banking facilities in more than five lakh locations and the number of users of its platform is 115 million. The bank made profits from the quarter of September 2021.
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