RBI Gives Scheduled Bank Status to Airtel Payments Bank

The Reserve Bank of India (RBI) has included Airtel Payment Bank in the ‘Second Schedule to the Reserve Bank of India Act, 1934’ on January 04, 2022. Airtel has announced that it’s Airtel Payments Bank has been categorised as Scheduled Bank by the Reserve Bank of India. 

The Airtel Payments Bank can now bid for government-issued Requests for Proposals (RFPs) and primary auctions. It can also undertake both Central and State Government business, besides participating in government-operated welfare schemes.