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.