Airtel Payments Bank Receives Scheduled Bank Status From Reserve Bank Of India

Airtel Payments Bank announces that it has been categorised as Scheduled Bank by the Reserve Bank of India. 

With this, 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.

Currently, Airtel Payments Bank has a base of 115 million users. The bank said that it turned profitable in the quarter ending September’21. It offers a diverse suite of digital solutions through the Airtel Thanks app and a retail network of over 500,000 neighborhood banking points.  

Anubrata Biswas, MD and CEO of Airtel Payments Bank, said “This status is an important milestone in our growth journey and will further reinforce the trust our customers have placed with the bank. We are thankful to the Reserve Bank of India for adding us to the list of Scheduled Banks.”