From Airtel Payments Bank to RJio's 4G VoLTE phones: 5 key developments

In other news, Amazon removes offensive Indian flag doormats from site after Sushma threat

Business Standard brings to you a list of five key developments across the country.

Airtel Payments Bank launched

Bharti Enterprises chairman Sunil Bharti Mittal launched India’s first payments bank – Airtel Payments Bank – giving a 7.25% interest on savings accounts, which makes it the highest interest rate on offer. Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%. Besides the lucrative interest rate, the bank also offers personal accidental insurance of Rs1 lakh with every savings account and free talktime equaling the amount deposited