Airtel Funds Financial institution has obtained scheduled financial institution standing from RBI
New Delhi:
Airtel Funds Financial institution has introduced that it has been granted the standing of a scheduled financial institution by the Reserve Financial institution of India (RBI).
Having obtained the standing of a scheduled financial institution, Airtel Funds Financial institution can now apply for government-issued requests for proposals (RFPs) and first auctions.
Along with this, it will possibly additionally take up central and state government-level companies and likewise take part in government-operated welfare schemes, the corporate stated in an announcement.
Airtel Funds Financial institution is among the many fastest-growing digital banks within the nation, with a base of 115 million customers. It gives a collection of digital options via the Airtel Thanks app and a retail community of over 500,000 neighbourhood banking factors The financial institution turned worthwhile within the quarter ended September 2021.
Anubrata Biswas, CEO of Airtel Funds Financial institution, stated, “We’re grateful to the Reserve Financial institution of India for including us to the listing of Scheduled Banks. This standing is a vital milestone in our development journey and can additional reinforce the belief our prospects have positioned with the financial institution.”
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