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Airtel Payments Bank gets scheduled bank status from RBI

Airtel Payments Bank on Tuesday said it has been categorized as a scheduled bank by the Reserve Bank of India (RBI).

With this, Airtel Payments Bank can now pitch for government-issued Requests for Proposals (RFPs) and primary auctions and undertake both central and state government business, besides participating in government-operated welfare schemes, it said in a statement.