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Airtel Payments Bank to sell insurance, mutual fund products

Airtel Payments Bank to sell insurance, mutual fund products

Friday, February 24, 2017, 10:48 AM

Airtel Payments Bank plans to cross-sell products like insurance and mutual funds, through its payment bank, over the next one year. Because payment banks cannot lend, it is expected that cross-selling banking products will be a revenue stream for these operators. These banks are allowed to take deposits – savings accounts. Airtel Payments Bank had already opened, 2.5 lakh banking points across the country.
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