“Source: -IBEF”
Bharti Airtel and Bharti Enterprises invested US$ 45.175 million Airtel Payments Bank as per the regulatory documents.
According to the market share filing shared by Tofler, Bharti Airtel invested US$ 36.14 million and Bharti Enterprises invested US$ 9.035 million in form of preference shares.
The nation is experiencing a phenomenal advanced change, driven by the Government’s vision of Digital India and banking for each citizen. Airtel Payments Bank is encountering fast development, driven by its scope (through 5,00,000 retail banking focuses), digitalization and huge client base.
The bank has built up a strong stage to take advantageous digital banking administrations to the tremendous under-banked populace, crosswise over people and vendors. Airtel will keep on putting resources into scaling up tasks so to tackle the gigantic opportunity introducing itself.