Guwahati: Airtel Payments Bank reported a revenue growth of 37% to Rs 21.7 crore. The customer deposits grew by 59% Year –on -Year to Rs 1,865 crore, fuelled by a healthy addition of new users.

The bank now has 54.7 million monthly transacting users and a gross merchandise value (GMV) of Rs 2,015 billion.
For the FY2023, the bank reported revenue growth of 37% to Rs 1,291 crore with profits growing by 141% to Rs 21.7 crore.

Airtel Payments Bank registered a substantial Quarter-on-Quarter growth in FY 2023 revenues, Q4 (Jan-Mar’23) being the strongest with revenues of Rs 379 crore, a 19% sequential growth over the previous quarter.

The bank recorded growth across all three core business segments – the Urban Digital Consumer, the Rural Underbanked, and Industries and Businesses. It registered a strong uptake for its diversified product offerings like digital payments, money transfers, insurance, referral credit, collection management services and more.

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