Latest news with #AirtelPaymentsBank
India.com
7 days ago
- Business
- India.com
Good news for Sunil Mittal, this company earns Rs 100000000, annual revenue crosses Rs 30000000000 in…, it is…
Airtel Payments Bank on Tuesday reported a 44.4% jump in net profit for the June quarter to Rs 10.4 crore, driven by strong growth across performance indicators, as its annualised revenue crossed Rs 3,000 crore. For Q1 FY26, the bank's revenue stood at Rs 777.4 crore, marking a 27.5% year-on-year increase, the company said in a statement. 'The bank's annualised revenue crossed Rs 3,000 crore, making it one of the fastest-growing digital banks in the country,' it said. Airtel Payments Bank Q1 Results The EBITDA stood at Rs 81.8 crore, a 30 per cent year-on-year growth driven by 'strong operating performance and rapid customer adoption', said the bank which currently operates 5,00,000 active banking points. Customer deposits grew 27.2 per cent year-on-year to Rs 3,743 crore, and the Bank's annualised gross merchandise value (GMV) stood at Rs 4,260 billion (Rs 4,26000 crore). 'We are pleased to report a strong start to FY26, marked by consistent growth across all key performance metrics. Crossing the Rs 3,000 crore annualised revenue milestone is a testament to the strength of our business model and the trust customers place in us,' Anubrata Biswas, MD and CEO, Airtel Payments Bank, said. Biswas added: 'Our efforts to drive consumer awareness about safety in digital banking, through our Safe Second Account, are yielding strong digital banking uptake'. Airtel Payments Bank said it is now the leading issuer of RuPay On-The-Go NCMC cards, with over 3.3 million users leveraging the card for transit payments across major metro networks. (With Inputs From PTI)
News18
7 days ago
- Business
- News18
Airtel Payments Bank Q1 net profit up 44.4 pc to Rs 10.4 cr
Agency: PTI Last Updated: New Delhi, Aug 12 (PTI) Airtel Payments Bank on Tuesday reported a 44.4 per cent rise in net profit for June quarter at Rs 10.4 crore backed by growth across key performance metrics, as the bank crossed Rs 3,000 crore in 'annualised revenue'. For Q1 FY26, Airtel Payments Bank posted revenue of Rs 777.4 crore, up 27.5 per cent year-on-year, according to a company statement. The net profit rose 44.4 per cent to Rs 10.4 crore, it added. 'The bank's annualised revenue crossed Rs 3,000 crore, making it one of the fastest-growing digital banks in the country," it said. The EBITDA stood at Rs 81.8 crore, a 30 per cent year-on-year growth driven by 'strong operating performance and rapid customer adoption", said the bank which currently operates 5,00,000 active banking points. Customer deposits grew 27.2 per cent year-on-year to Rs 3,743 crore, and the Bank's annualised gross merchandise value (GMV) stood at Rs 4,260 billion (Rs 4,26000 crore). 'We are pleased to report a strong start to FY26, marked by consistent growth across all key performance metrics. Crossing the Rs 3,000 crore annualised revenue milestone is a testament to the strength of our business model and the trust customers place in us," Anubrata Biswas, MD and CEO, Airtel Payments Bank, said. Biswas added: 'Our efforts to drive consumer awareness about safety in digital banking, through our Safe Second Account, are yielding strong digital banking uptake". Airtel Payments Bank said it is now the leading issuer of RuPay On-The-Go NCMC cards, with over 3.3 million users leveraging the card for transit payments across major metro networks. PTI MBI DRR DRR view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
08-08-2025
- Business
- Mint
Take charge of your money with a second bank account for daily spending
Managing money today isn't just about saving - it's about clarity, control, and safety. If your bank statement always seems too confusing to separate your rent from your retail therapy, it may be time to reconsider how you manage your finances. A single account for everything might feel convenient at first, but in reality, it often leads to confusion, poor budgeting and increased vulnerability. One account, too many transactions Most people use their main bank account for everything, from salary credits and investments to paying for cabs, groceries, and streaming services. This mix of high-value and everyday transactions can easily create chaos. The result? A cluttered bank statement with activities of every kind that's of no help in keeping track of your spending habits or monitoring where your money's going. When your savings and daily spending are all mixed together, setting and sticking to a budget can become a daunting task. Even worse, carrying out all your transactions from your main account can be risky. Unusual transactions, fraudulent charges, and unauthorised payments can easily go unnoticed in a sea of entries. How a second account helps you stay in control Opening a second account only for your daily spending can make a significant difference. It helps you stay on top of your budget by separating everyday expenses from your main savings. Simply transfer a set amount each month and use this account for recharges, shopping, bills, and food deliveries. It keeps your statement clean and makes it easier to track where your money's going. Having a second account also adds an extra layer of safety. When your main account isn't used for frequent payments, your core savings stay more secure. A second account limits your exposure to fraud or accidental overspending, giving you better peace of mind. Choose Airtel Payments Bank as a safe second account for daily transactions If you're looking for the perfect account to manage your daily expenses securely, Airtel Payments Bank offers just what you need. Designed to simplify your daily payments while keeping your money secure, here's how this Safe Second Account for daily transactions helps you build smarter financial habits – 1. Stay in control of every payment With Airtel Safe Pay, no transaction goes through without your approval. It's an added layer of security that ensures you are always in charge. 2. Get instant security with Fraud Alarm Activate the Fraud Alarm with a single swipe in the Airtel Thanks App to secure your account from fraudulent transactions. 3. Keep a cap on your spending With Limit Management, you can set daily or per-transaction limits, helping you stick to your budget and avoid overspending. 4. Switch off transactions when not in use Sleep Mode lets you instantly pause all outgoing payments. It's a smart way to protect your account when you're not actively using it. This isn't just another account. It's the control centre for all your daily spending. Declutter your finances starting today Managing your money shouldn't be stressful. A safe second account for daily transactions from Airtel Payments Bank helps you declutter your statements, track your expenses better, and, most importantly, protect your savings. So, download the Airtel Thanks App and switch to Airtel Payments Bank - the safe second account for all your daily transactions. Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
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Business Standard
06-08-2025
- Business
- Business Standard
Airtel in talks with govt on AGR dues-to-equity conversion: Gopal Vittal
Bharti Airtel continues to be in discussions with the Centre on converting its adjusted gross revenue (AGR) dues into equity, vice-chairman and managing director Gopal Vittal said, while seeking parity with other telecom companies. 'We have written to the government to be extended the same relief as any other telco, and that is a decision the government has to take. We will abide by whatever decision they take,' the top executive at the Sunil Mittal-promoted telecom services provider said during the earnings call for the quarter ended June 2025. The country's second-largest telecom operator has asked the Department of Telecommunications to convert its AGR dues of nearly Rs 40,000 crore into equity, on the same lines as Vodafone Idea, where the government took about a 49 per cent stake by converting Rs 36,950 crore worth of AGR dues. This was part of the telecom sector relief package issued in September 2021, which also provided all carriers a four-year moratorium on spectrum payments. Airtel has said that the conversion would give the government a 3–4 per cent stake in the company. AGR payments to the government will resume in March 2026. Vittal added that Airtel was prepared to meet its payment obligations. 'To that extent, we have the room to make whatever payments are required on the overall strength of the balance sheet, because the debt position is getting better, and there is a lot of free cash that will get generated over time,' he said. Airtel's free cash flow stood at Rs xxx crore as of June end. The executive added that the company will raise dividends and expand its cloud, security, and data centre businesses as leverage declines. Airtel's debt fell to Rs 1.2 trillion in the June quarter, from Rs 1.9 trillion in the previous quarter. On opportunities to monetise assets, Vittal said public listings of Airtel Payments Bank and Airtel Money — its Africa-based financial services arm — are already in the works. The company could also consider listing its Nxtra data centre business, as well as divesting its 28 per cent stake in telecom operators in Bangladesh and 11 per cent in Dialog, Sri Lanka, over the next three to four years. However, Harjeet Kohli, joint managing director, Bharti Enterprises, noted that while the decisions to list Airtel Money and Airtel Payments Bank have been taken, there is no mandate or compulsion to list Nxtra. 'Our intent continues to be owning all of these businesses, but for the stakes in South Asia,' he said. Vittal also called for a repair in tariff structures, where higher usage could merit higher tariffs, in contrast to current plans that provide large data and voice allowances at some of the lowest prices in the world. 'The real issue is that people who can afford to pay are paying less, while the poor don't need to be charged more,' he added. With more than 152 million 5G customers, the telco expects numbers to rise as 5G smartphones become more affordable and see greater adoption at the lower end of the market. On Tuesday, Airtel reported a 43 per cent year-on-year increase in consolidated net profit at about Rs 5,948 crore for the first quarter of FY26, while consolidated revenue for the period stood at about Rs 49,463 crore, up 28.4 per cent Y-o-Y. Net income from Indian operations stood at Rs 5,292 crore, up from Rs 4,183.2 crore in the same period last year. Revenues rose to Rs 37,584 crore from Rs 32,484 crore in the year-ago period. The average revenue per user (ARPU), a key growth indicator for telecom companies, increased to about Rs 250 from about Rs 211 in the same period last year, remaining the highest among peers.
Mint
04-08-2025
- Business
- Mint
Airtel Payments Bank on redefining secure banking with a Safe Second Account
On the podcast, Anubrata Biswas, MD & CEO at Airtel Payments Bank, spoke about the bank's focus on safeguarding digital transactions, and how this new offering, along with existing cutting-edge AI tools and user-centric features, is set to redefine financial safety in India. The rise of digital-only banking in India Digital banking has revolutionised how individuals manage their finances, offering convenience and accessibility. However, the surge in cyber fraud has created a barrier to full adoption. He spoke about the distinction between traditional universal banks and digital-only banks, stating that the latter are 'tech-first, have no branches, and are able to translate the benefits of technology to offer better consumer experiences'. India has taken the lead on offering a robust digital public infrastructure, including Aadhaar and UPI, which has enabled payment banks to operate entirely digitally. 'Payment banks across the country broadly open one in 6-8 bank accounts in the country today, every month. Airtel Payments Bank in particular, opens one in 10 bank accounts in the country,' he said. Unbundling payments and accounts India has witnessed a boom in digital payments and now 90 per cent of transactions are happening outside the traditional banking framework, primarily through third-party apps. This 'unbundling' of payments has made them frictionless, but it has also made fraud easier. Similarly, the ease of opening bank accounts has led to a similar unbundling, allowing consumers to use different accounts for different purposes – savings, investments or every day payments. This shift has given rise to a need for a 'Safe Second Account',particularly the demand for a secure account for daily digital transactions, such as bill payments, online purchases, or QR code payments. This allows the main bank account to stay unexposed and therefore safe from frauds. 'Airtel Payments Bank offers the best value account in the country. There is no minimum balance, and bank accounts are open in literally three minutes, fully digitally through the mobile banking app,' he said. Closing the digital divide Smartphone adoption and access to mobile data has sparked a mobile revolution of sorts in India, and this has aided in the adoption of digital banking as well. But, Anubrata felt that there is still a wide digital divide that can be bridged. 'You have got 950 million or a billion smartphones in play, but there are around 750 million unique smartphone users. If I am generous, there are 400 to 450 million unique monthly digital payers in India, which means there is a gap of 300 million people who are digital but not paying. The real big opportunity for India and Indian banks is figuring out how to bridge this digital divide,' he said. This can be done with a combination of studying user behaviour, understanding unit economics and understanding how to move people up the ladder of persuasion. At Airtel Payments Bank, the safe second account can address frauds with low entry minimum balance barriers lends accessibility. The account can be opened by any Indian, whether from Assam or Meghalaya, or a gig worker or housewife, making it ubiquitous. 'I must credit the public policy framework, the government and all regulators, for really moving in unison to create this. I call this the single biggest public policy experiment in the history of the world, happening at scale today,' he said. A multi-layered approach to combat cyber fraud As technology is evolving from emails to smartphone screens for communication, the nature of digital frauds are also changing, and perhaps becoming more intense. 'The types of frauds are evolving, but the underlying theme remains that of significant psychological persuasion, which is that you force the victim to believe that there is time pressure, psychological stress, and an element of social withdrawal,' he said. Airtel Payments Bank employs a three-pronged strategy to combat these threats. First, the payment bank account itself has a ₹ 2 lakh limit and is a zero-balance account, offering safety by design. Moreover, the bank has built numerous features, such as the ability to 'put the account to sleep with a single click', making it impossible to conduct transactions. Users can also set specific limits per channel or block their debit cards and internet banking services. It also deploys machine learning models to differentiate good customer behaviour versus bad. These models, he said, analyse a vast set of…variables, including device ID, transaction patterns, location, and velocity, to generate alerts and temporarily block accounts. Customers can then authenticate themselves using facial recognition on the app to resume transactions. 'It offers a more than reasonable degree of safety given the fact that this is not the primary account for all the money of the customer. It's more a second transaction account with a little bit of money for the customer's daily payment needs. To give you a sense of this, 77 per cent of urban consumers who are opening accounts today with us are using it for keeping his daily payment statement away and for his daily payment needs,' he further added. Airtel's commitment to digital security The discussion progressed to brand Airtel's broader commitment to digital security, which extends beyond safe banking. 'Airtel has been at the forefront of digital security. Airtel as a brand has been driving anti-spam… It used cutting edge AI tools to actually block spam calls. It then came up with a very leading-edge AI campaign to block spam links, which is now running. So, this is very much in the stable of what Airtel is really trying to do,' he said. The brand has also invested into a product roadmap deeply embedded with AI for enhanced safety and security. Last year, Airtel launched a 'Safe Banking' section within its app, which now boasts of being the third largest mobile banking app in India. This section allows consumers to get a safety score and check factors like VPN usage or Wi-Fi security. 'I am happy to share with you that we are going to launch a cyber insurance bundle in that safety page, which basically means that the consumer will be able to actually purchase a small cyber insurance plan to protect himself from any fraudster on his account for a nominal price,' he said. This initiative further solidifies Airtel Payments Bank's leadership in secure digital banking. Catering to diverse user needs Airtel Payments Bank's customer acquisition strategy has reportedly been driven largely by the customer. Initially, Airtel discovered a need in rural India, where the government's direct benefit transfers spurred demand for banking services close to residents. 'Today, we are the largest bank close to villages in the country, by far,' he said. More recently, the demand for a second account in urban areas for digital payments led to the creation of the 'Safe Second Account' concept. Another 'very emerging use case' highlighted by Anubrata is the aspiring gig economy worker relocating from a village to make it big in a Metro city. He cited the example of a Zomato delivery worker who earns ₹ 12,000-14,000 and needs quick access to an accessible bank account to receive credit. 'Today, we are the largest gig worker bank account supplier in the country. It is easy to open, and he can get a credit very easily. This has become another dominant use case for the bank again, because it has zero balance, no entry barriers, no paperwork and using the digital public infrastructure,' he explained. The future of digital banking Looking ahead, he drew parallels with developed countries where large digital-only banks are prominent. He expressed his belief that 'India needs their own list of digital only mobile first banks, and it would not be impractical to think that Airtel Payments Bank should be first and foremost in that list.' On the innovation front, Airtel Payments Bank is committed to 'exploding' the category of safety plans, with significant investments in product innovation, marketing, and category creation over the next 12-18 months in urban India. In rural India, the focus will remain on deepening their services. In another move from Airtel aimed at bolstering digital security, Airtel Payments Bank is set to launch an enhanced Cyber Insurance Bundle for all its users within the next two months. This key announcement was made by Anubrata Biswas, Managing Director and Chief Executive Officer (CEO) of Airtel Payments Bank, in a recent episode ofMint Techcetra. The move underscores the bank's proactive stance in safeguarding digital transactions amidst growing concerns of cyber frauds. Beyond the 'Safe Second Account', Airtel Payments Bank is also venturing into urban transit, where a future with interoperable urban transit is being envisioned. 'We are actually India's largest now urban Metro infrastructure providers. We are 66 per cent of India's Metro Payment processors. So, anybody tapping a NCMC card on a metro, two thirds of them pass through our payment stack. And in the metro, two thirds of NCMC cards would be ours. That is going to be a very large emerging category in India over the next two to three years,' he said. Note to the Reader: This article has been produced on behalf of the brand by HT Brand Studio and does not have journalistic/editorial involvement of Mint.
