Question
Airtel Payments Bank (APB) is a joint venture between
Bharti Airtel Ltd and which bank?Solution
Airtel Payments Bank (APB), a joint venture between Bharti Airtel Ltd and Kotak Mahindra Bank Ltd, said it will spend Rs3,000 crore to develop a pan-India banking network and digital payments ecosystem. Through their 80:20 joint venture , Bharti and Kotak aim to disrupt a banking system that has gradually woken up to changing technology and yet incurred heavy costs in serving customers.
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