News From Press ‘Airtel Payments Bank will focus on retail outlets to grow savings account customers’

‘Airtel Payments Bank will focus on retail outlets to grow savings account customers’

Source: Mint Dec 5, 2016

On 24 November, Airtel Payments Bank Ltd started its operations on pilot basis in Rajasthan. This is the first such bank in India to do so. The Reserve Bank of India (RBI) had given licences to 11 entities, but three withdrew. Others that are set to launch services include Paytm, Department of Post, Reliance Industries Ltd and Aditya Birla Nuvo Ltd.

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