Airtel Cash Secures NBFC License, Shares in Emphasis
Bharti Airtel’s supply is under scrutiny following its subsidiary, Airtel Money, obtaining a crucial Non-Banking Financial Firm (NBFC) certificate from the Reserve Bank of India (RBI). The statement, made after market close on Tuesday, is anticipated to influence trading on Wednesday.
- Secret Benefit: The permit enables Airtel Money to operate as a monetary entity, using financing solutions without approving public down payments.
- RBI Please note: The RBI clarified it does not ensure the company’s financial stability or the accuracy of its declarations.
- Market Performance: Bharti Airtel shares folded 0. 38 % on Tuesday.
