Latest news with #AnubrataBiswas
India.com
6 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
6 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
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.
Time of India
23-05-2025
- Business
- Time of India
Airtel Payments Bank says Q4 profit soars 138% to ₹26 crore
Airtel Payments Bank on Thursday said its profit rose by 138% year on year to ₹26 crore, buoyed by scale-up in the adoption and usage of ' Safe Second Account ' offering, and diversified growth across urban transit, and rural business solutions. For the fourth quarter ended March 2025, the revenues were at Rs 726 crore, a 34.7% increase over the same period of the previous year. "In Q4 FY25, the bank experienced a significant scale-up in the adoption and usage of our Safe Second Account offering, solidifying our position as the preferred digital-only bank in the country," according to Airtel Payments Bank. The bank said it recorded "diversified growth across its urban transit, B2B, and rural business offerings, contributing to robust sequential growth and a strong year-on-year performance". For the full year, revenue stood at Rs 2,709 crore, a growth of 47.5% over the previous year. The net profit rose to Rs 63 crore, up by 81.4%, while EBITDA increased by 64% YoY to Rs 299 crore. "Customer balances reached Rs 3,659 crore, up by 30.6% and the Gross Merchandise Value (GMV) stood at Rs 3,808 billion," Airtel Payments Bank said in a release adding it is, at present, the third-largest mobile bank in the country by user base. Anubrata Biswas, MD and CEO of Airtel Payments Bank, said, "The rapid adoption of our Safe Second Account offering reflects the growing need for a secure alternate bank account for digital payments. Today we are processing one in two domestic remittances and one in every five Aadhaar-enabled payments in the country". He added: "As we continue to scale, our commitment remains on empowering every Indian with simple and seamless banking solutions to bridge the digital divide.". In tier-3 and beyond locations, the bank has 5,00,000 active banking points, majority of which are operated by women banking correspondents. It also sees strong demand for its RuPay NCMC On-The-Go cards, with over 2.5 million users. In the B2B space, it is seeing strong growth in omnichannel digital payments with top aggregators and enables seamless transit payments across five major metro networks, including the DMRC. Airtel Payments Bank said it processes nearly 12 billion transactions annually and extends services to three in four villages, digitising over Rs 8,000 crore of cash monthly with 6,200 plus corporate partners.
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Business Standard
22-05-2025
- Business
- Business Standard
Airtel Payments Bank Q4 net profit jumps 138% to ₹26 crore, revenue up 35%
Airtel Payments Bank reported a 138 per cent year-on-year increase in net profit to ₹26 crore for the quarter ended March 2025, driven by strong adoption of its 'Safe Second Account' and robust growth across urban transit, rural banking, and B2B segments. Revenue for Q4FY25 stood at ₹726 crore, up 34.7 per cent from the corresponding quarter last year. In a statement, the bank highlighted that the quarter saw a major boost in uptake of the Safe Second Account offering, with growth distributed across key segments including urban transit systems. For the full financial year, revenue reached ₹2,709 crore, a 47.5 per cent increase year-on-year. Net profit for FY25 stood at ₹63 crore, up 81.4 per cent, while EBITDA rose 64 per cent to ₹299 crore. Also Read Customer account balances grew 30.6 per cent to ₹3,659 crore, while Gross Merchandise Value (GMV) processed through the platform stood at ₹3,808 billion. The bank said it is now the third-largest mobile banking provider in India by user base. 'The rapid adoption of our Safe Second Account offering reflects the growing need for a secure alternate bank account for digital payments. Today we are processing one in two domestic remittances and one in every five Aadhaar-enabled payments in the country,' said Anubrata Biswas, Managing Director and CEO of Airtel Payments Bank. The bank continues to expand its rural presence, operating 500,000 active banking points, the majority of which are run by women banking correspondents in Tier-3 towns and rural areas. Additionally, the bank reported rising traction for its RuPay NCMC On-The-Go card, now used by over 2.5 million customers. Its digital B2B payments vertical also saw strong growth, with partnerships across five major metro networks, including Delhi Metro Rail Corporation (DMRC). Airtel Payments Bank now processes nearly 12 billion transactions annually, serving three out of every four Indian villages and digitising over ₹8,000 crore in cash each month through a network of over 6,200 corporate partners.
