Bharti Airtel to invest Rs 20,000 cr to expand digital lending biz
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Mumbai: Bharti Airtel on Monday announced plans to invest Rs 20,000 crore over the next few years to expand its digital lending business through its Non-Banking Financial Company (NBFC) subsidiary, Airtel Money Limited.
The telecom major said the fresh capital infusion will help strengthen its presence in India’s fast-growing financial services sector and narrow the country’s credit gap. Of the total Rs 20,000 crore investment, Airtel will contribute 70 per cent, while the remaining 30 per cent will be brought in by the promoter group through Bharti Enterprises Limited.
Gopal Vittal, Executive Vice Chairman of Bharti Airtel, said the success of the company’s lending platform demonstrates its ability to combine technology, data and customer trust at scale.
