Airtel Money Launches as Type-II NBFC Following RBI Approval to Expand Financial Services, ETLegalWorld

    0
    7
    ADVERTISEMENT

    SPONSORED
    <p>Airtel Money commences operations as Type-II NBFC after RBI nod </p>
    Airtel Money commences operations as Type-II NBFC after RBI nod

    NEW DELHI: Bharti Airtel’s subsidiary, Airtel Money, on Wednesday said that it has commenced operations as a Type-II Non-Deposit-accepting Non-Banking Financial Company (Investment and Credit Company).

    The move follows the receipt of its formal certificate of registration from the Reserve Bank of India (RBI), which was granted on February 13, 2026.

    This transition enables the telecom major’s financial services arm to scale its credit and investment offerings, deeply integrating financial services into Airtel’s massive digital ecosystem.

    The Sunil Mittal-driven telco in February said Airtel Money will be capitalised with ₹20,000 crore over the next few years.

    Airtel will contribute 70% with the promoter group via Bharti Enterprises bringing in the balance 30%.

    The platform has already achieved hyperscale adoption with over ₹9,000 crore in disbursements, supported by delinquency outcomes, driven by robust underwriting models, disciplined portfolio management, and real-time risk monitoring, Airtel had said.

    • Published On Jul 1, 2026 at 05:56 PM IST

    Join the community of 2M+ industry professionals.

    Subscribe to Newsletter to get latest insights & analysis in your inbox.

    All about ETLegalWorld industry right on your smartphone!






    Source link

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here