Bharti Airtel, Bharti Enterprises infuse Rs 325 crore in payments bank
Bharti Airtel and Bharti Enterprises have injected about Rs 325 crore in Airtel Payments Bank, as per regulatory documents.
The fund infusion from Bharti Airtel stood at Rs 260 crore, and that from Bharti Enterprises at Rs 65 crore in the form of preference shares, according to the details of the filing shared by market intelligence firm Tofler.
In response to an email query sent by PTI on the issue, Airtel Payments Bank Managing Director and CEO, Anubrata Biswas said that the company will continue to invest in ramping up operations to tap the "enormous opportunity presenting itself".
"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 ...