Airtel Payments Bank
Indian Payments Bank
Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. The company is a subsidiary of Bharti Airtel.
On 5 January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of Reserve Bank of India Act, 1934.
History
In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up Payments Bank under the guidelines for Licensing of Payments Bank.
On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank.
Bharti Airtel launched Airtel Payments Bank in September 2016 and went live with its pilot project in Rajasthan in November 2016. It was launched nationally in January 2017 to support the cashless revolution promised by the Government of India.
In August 2021, Kotak Mahindra Bank sold its stake to Bharti Enterprises. As of 31 December 2021, 99.9% equity capital of the Bank is owned by the Bharti Group of Companies.
“Airtel Payments Bank” enters the record as indian Payments Bank. Crown Archives preserves that source wording while asking what Airtel, Payments and Bank can confirm, complicate or overturn.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Jun 18, 2026. The linked authority identifier is Q28293603. 1 of 2 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 2022, 1934, 2015 and 2016.
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This entry incorporates text from “Airtel Payments Bank” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.