Airtel Launches Payments Bank, Offers 7.2% On Savings Accounts

Airtel Payments Bank on Thursday launched its nationwide operations with an initial investment of Rs 3,000 crore and offering an interest rate of 7.25 per cent for savings accounts.  The bank was launched by Finance Minister Arun Jaitley.  Airtel Payments Bank is the first among several such niche banks to start operations, after the central bank handed over new permits to bring financial services within the reach of millions who s...