Bharti Airtel Ltd. and Bharti Enterprises Ltd. have injected about Rs 325 crore in Airtel Payments Bank, regulatory documents showed Tuesday.
Bharti Airtel has invested Rs 260 crore and Bharti Enterprises Rs 65 crore in the form of preference shares, according to the details of the regulatory filing shared by market intelligence firm Tofler.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
The Airtel Payments Bank will continue to invest in ramping up operations to tap the "enormous opportunity presenting itself", said Chief Executive Officer Anubrata Biswas when asked about the funding.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
"The country is going through an unprecedented digital transformation, driven by the government's vision of Digital India and banking for every Indian," Biswas said, adding that Airtel Payments Bank is experiencing rapid growth, driven by its reach through 5,00,000 retail banking points, digital proposition and large customer base.
"The bank has developed a robust platform to take convenient digital banking services to the vast under-banked population, across individuals and merchants,” said Biswas. “We'll continue to invest in scaling up our operations in order to harness the enormous opportunity presenting itself.”
On Tuesday, Airtel Payments Bank announced it has partnered with Bharti AXA Life Insurance to offer ‘Bharti AXA Life POS Saral Jeevan Bima Yojana' via its network of banking points across India.
Bharti AXA Life Point Of Sale Saral Jeevan Bima Yojana is a pure term life insurance plan aimed at the underinsured and uninsured segments in India, the company said in a statement. "The consumers are offered the option to choose a policy cover of either 3 lakh or 5 lakh at affordable premiums," it added.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
