Bharti Airtel’s arm set to start payments bank operations in Q2FY17

Bharti Airtel Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532454 | NSE: BHARTIARTL

04 May 2016 Evaluate

Bharti Airtel’s subsidiary Airtel M-commerce services is set to start payments bank operations in Q2FY17. Airtel Payments is the first company in India to receive a payments bank license from the RBI.

Last year, Kotak Mahindra Bank had acquired 19.9% stake in Airtel Payments Bank for about 98.8 crore and is expected to bring its banking expertise to the venture.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India the company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Peers

Company Name	CMP
Bharti Airtel	1830.00
Vodafone Idea	13.84
Indus Towers	377.50
Tata Communications	1732.70
Railtel Corp. India	260.40
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