CURRENT AFFAIRS

Detailed explanation-1: -Notes: Airtel Payments Bank has launched face authentication-based savings bank account opening for customers.

Detailed explanation-2: -Airtel Payments Bank Limited is an Indian payments bank with its headquarters in New Delhi. The company is a subsidiary of Bharti Airtel. On 5 January 2022, it was granted the scheduled bank status by Reserve Bank of India under second schedule of RBI Act, 1934.

Detailed explanation-3: -Airtel Payments Bank currently has over 155 million customers, of which 57 million are transacting every month. The company counts a customer as monthly transacting if he or she has done a financial transaction in the last 30 days. In FY22, the company had 43 million monthly transacting users.