GS Paper - 3 (Economy)

Airtel Payments Bank on 5 January 2022 said it has been categorised as a scheduled bank by the Reserve Bank of India (RBI). With this, Airtel Payments Bank can now pitch for government-issued Requests for Proposals (RFPs) and primary auctions and undertake both central and state government business, besides participating in government-operated welfare schemes.


  1. Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users.
  2. The Reserve Bank of India (RBI) announced the inclusion of Airtel Payments Bank in the second schedule of the Reserve Bank of India Act, 1934.
  3. The central bank also said that SBI, ICICI and HDFC banks will continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2020 list of D-SIBs.
  4. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from 1 April 2016 and became fully effective from 1 April 2019.
  5. The RBI had issued the Framework for dealing with D-SIBs on 22 July 2014. The D-SIB framework requires the central bank to disclose the names of banks designated as D-SIBs starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs).