Bharti Airtel's NBFC arm begins commercial operation
Bharti Airtel's non-banking financial arm, Airtel Money, has officially begun its commercial operations after securing a license from the Reserve Bank of India. The company, registered as a Type II Non-Deposit accepting NBFC, plans to be capitalized with Rs 20,000 crore over the coming years, with Bharti Airtel contributing 70% and the promoter group the remaining 30%.
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