Airtel Payments Bank records 60% surge in annual net profit to Rs 35 crore, with revenue up 42% to Rs 1,836 crore. Monthly transacting users reach 80.4 million.
Airtel Payments Bank reported a 60% year-on-year profit increase to Rs 34.5 crore in FY24, with revenue rising 42% to Rs 1,836 crore. The bank saw accelerated customer acquisitions, adding over a million new customers monthly. It achieved a 15% sequential growth in Q4FY24, reaching Rs 539 crore.
Airtel Payments Bank CEO Anubrata Biswas is optimistic that the payments bank momentum in India will yield strong growth horizons and opportunities in the coming years, supported by financial inclusion imperatives and rapid pace of economic and digital growth.
In an interview to PTI, Biswas said