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Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. [3] The company is a subsidiary of Bharti Airtel . [ 4 ] On 5 January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of RBI Act, 1934 .
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]
Bank name Established Headquarters Branches Revenues Refs Airtel Payments Bank: 2017: New Delhi, Delhi ₹ 627 crore (US$72 million) [71] [72] India Post Payments Bank: 2018: New Delhi, Delhi: 650 Branches ₹ 55 crore (US$6.4 million) [73] Jio Payments Bank: 2018: Mumbai, Maharashtra ₹ 13 crore (US$1.5 million) [74] Fino Payments Bank: 2017 ...
The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
Airtel Rupay NCMC Card: Airtel Payments Bank: 21 October 2023 [41] Airtel Payments Bank was chosen after RBI banned operations of Paytm payments bank [42] 03 October 2024 [43] Delhi - Panipat - Karnal - - - - Under Construction. NCMC will be accepted after the system opens. Delhi - Alwar - - - - Under Construction. NCMC will be accepted after ...
With this, Airtel further consolidated its position as the second largest mobile operator in Uganda with a combined customer base of over 7.4 million and market share of over 39 percent cementing its position as the number 2 mobile telephone network, behind market leader MTN Uganda. [5] In 2018, Airtel hit the 10 million customer mark. [6]
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