Airtel Payments Bank

Airtel Payments Bank has decided to jump into the lucrative financial products niche and will be soon selling mutual funds and insurance policies. As of now, Airtel Payments Bank has 2,50,000 banking points across India and…

Airtel is the first company in India to launch its payments bank, and Paytm is soon going to as well. Third in the line, India Post has received the payments bank license from the Reserve Bank of India(RBI) to start its commercial…

In August last year, RBI approved licenses for technology companies to open a payments bank. A payment bank can only accept deposits, not lend any money. This does have profitability issues, but a few companies went ahead with the idea.…

Payments Bank is a very new phenomenon in India – but that has not stopped hoards of Indians to open their bank accounts, even though we only have one operator running a pilot in just one state. Two weeks back, Airtel Payments bank…

RBI’s decision to grant Payment Bank licences to various business conglomerates and non-banking institutions may prove to be the one of the most pathbreaking decisions ever. A decade earlier, which financial expert could have…