Bharti Airtel Limited saw this as an opportunity
to provide banking in its smartest and simplest way with its subsidiary Airtel
Payments Bank Limited (erstwhile Airtel M-Commerce Services Limited and
popularly known as AMSL). Kotak Mahindra Bank Limited also has a stake in the
bank.
Airtel Payments Bank is the first entity to get
the final license from Reserve Bank of India for launching a Payments Bank.
Airtel Payments Bank Limited will leverage the
distribution network of Bharti Airtel spread across 1.5 million outlets, with
network presence spreading across 87% of the country, covering more than
400,000 villages and 5,000 census towns. With banking, we are going to make
financial inclusion a reality for every Indian, by enabling them to do banking
on their own terms, and enjoy products that are intuitive, easy to use and more
accessible.