Bharti, SBI to invest $22 mn in mobile banking JV

India's top mobile operator Bharti Airtel and State Bank of India will together initially invest Rs 100 crore (USD 22 million) in a joint venture for mobile-based banking, OP Bhatt, chairman of the country's top lender, said on Wednesday.

January 12, 2011 / 14:13 IST

26 Aug, 2025 12:21

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India's top mobile operator Bharti Airtel and State Bank of India will together initially invest Rs 100 crore (USD 22 million) in a joint venture for mobile-based banking, OP Bhatt, chairman of the country's top lender, said on Wednesday.

Bharti Airtel said in September it had received a licence from the central bank to launch mobile payment services.

Bharti Airtel had 149.4 million mobile customers in India at end-November, in a market of more than 700 million mobile users. India is the world's fastest-growing and the second-biggest market for mobile connections.

first published: Jan 12, 2011 02:07 pm

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