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Possible Answers:
CRED.
Last seen on: Universal Crossword – Oct 18 2021
Random information on the term “CRED”:
Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. The company is a subsidiary of Bharti Airtel.
In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up payments bank under the guidelines for Licensing of Payments Bank. Airtel was one of them, and it launched Airtel Payments Bank in September 2016. Airtel’s first payments bank went live with its pilot project in Rajasthan in November 2016.
Airtel Payments Bank was launched in January 2017, by Bharti Airtel, India’s largest telecom provider, to support the cashless revolution promised by the Government of India.
The bank’s capital at its establishment was ₹3,000 crore ($441 million). Airtel Payments Bank reported deposits of ₹68.33 crore at the end of the financial year ended 31 March 2017, which was its first year of operation.
On 11 April 2016, it became the first company to receive the payments bank license from the Reserve Bank of India under Section 22 (1) of Banking Regulation Act, 1949. Airtel Payments Bank is a 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank.