Kotak Mahindra Bank to invest in Airtel M Commerce Service

For setting up Payment Bank

Kotak Mahindra Bank announced that it has agreed to invest 19.90% in Airtel M Commerce Service (AMSL), a subsidiary of Bharti Airtel, on AMSL obtaining the Payment Bank Licence from Reserve Bank of India. AMSL is in the process of applying for Payment Bank License to the Reserve Bank of India.

Powered by Capital Market - Live News