Airtel Payments Bank’s FY23 profit rises over two-fold to Rs 21.7 cr, revenue up at Rs 1,291 cr

Airtel Payments Bank on Thursday said that its profit has more than doubled to Rs 21.7 crore in the financial year 2022-23.

The company had posted a profit of Rs 9.2 crore in 2021-22.

The revenue of Airtel Payments Bank grew 37 per cent to Rs 1,291 crore in the fiscal year 2022-23 from Rs 941 crore in the FY22.

“This year has been a stellar year in our growth journey. Our trusted brand and innovative products, backed by unmatched distribution reach and technology, position us well to accelerate our growth further.