Prior to to joining Airtel Payments Bank, Anubrata was Joint General Manager and Retail Business Head - South India for ICICI Bank
RBI issued a show cause notice to the bank on January 15 saying why penalty should not be imposed for non-compliance with guidelines
RBI's new guidelines for payments bank to get their customers' information verified by third parties, has also come as a blow
The company is yet to name Arora's successor.
Addition of Hike Wallets to Airtel Payments Bank's portfolio will position it as one of the largest digital payments platforms in India
All Airtel Payments Bank customers would also be able to access a range of convenient banking services at these fuel stations
Customers will be able to link their accounts on BHIM app to make payments through UPI
Airtel Payments Bank app is menu-driven and available in 12 languages
Online card can be accessed by all Airtel Payments Bank customers via My Airtel app, says Mastercard
Now, Airtel Payments Bank customers can use HPCL fuel stations to avail banking services
Airtel Payments Bank said it has opened more than 150,000 savings accounts in Odisha since its launch. Around a third of such accounts have been opened in the rural areas, contributing to the cause of financial inclusion in the state.Airtel Payments Bank, a fully digital and paperless bank, aims to take basic banking services to the doorstep of every Indian by leveraging Airtel's vast retail network. In Odisha, over 15,000 neighborhood Airtel retail stores also function as banking points, and customers can open savings accounts, deposit and withdraw cash across any of these banking points. Majority of these retail points are concentrated in the rural areas.Shashi Arora, managing director & chief executive officer of Airtel Payments Bank said, "Airtel Payments Bank has received overwhelming response from customers in Odisha. We believe, Airtel Payments Bank's differentiated banking model will play an important role in taking banking services to the last mile and benefit lakhs of ..
APB had already opened 2.5 lakh banking points across the country
Official says, about 60% of these accounts have been opened in rural areas
The bank is offering interest rate of 7.25 per cent per annum on savings accounts
Airtel has become the first to launch payments bank services in India by starting a pilot in Rajasthan