Airtel Payments Bank Achieves 18.4% Revenue Growth in FY26 with Strong Profitability Gains

Airtel Payments Bank has unveiled its financial results for the fiscal year ending March 31, 2026, showcasing substantial expansion across key metrics. The institution recorded annual revenue of ₹3,207 crore, representing an 18.4% increase from the prior year. Bottom-line performance strengthened notably, with net profit reaching ₹109 crore and profit margins climbing to 3.4%, indicating improved operational efficiency and business maturity.

The bank's customer deposit base expanded significantly, climbing 26% year-on-year to reach ₹4,612 crore. Annualised Gross Merchandise Value hit ₹4,542 billion, while the savings bank account user base grew to 28.8 million monthly transacting customers. This expansion has solidified Airtel Payments Bank's standing as the country's third-largest mobile banking platform by customer count, underscoring the appeal of its technology-driven, mobile-centric approach.

Anubrata Biswas, Managing Director and Chief Executive, commented on the results: "Our strong performance this year reflects continued customer trust and the resilience of our business model. The strong adoption of our Safe Second Account underlines the growing need for a secure, seamless digital banking solution. Our differentiated model, combining a mobile-first platform with a large distribution network, enables us to serve customers across segments effectively. As we scale further, our focus remains on building a digital bank that meaningfully addresses the evolving financial needs of India."

The Safe Second Account product has emerged as a cornerstone of the bank's growth strategy, gaining particular traction in metropolitan areas. Customers are leveraging the offering for everyday digital payments and subscription-based transactions, driving heightened platform engagement. The bank has secured the second-largest share of UPI Autopay mandates, reflecting strong adoption among its user base.

Transit mobility has emerged as a high-growth vertical for the institution. More than 6 million National Common Mobility Cards have been issued, positioning Airtel Payments Bank as the second-largest card issuer in this category. The bank processes approximately two-thirds of transit payments across supported networks, establishing itself as a critical infrastructure provider for cashless urban mobility.

Rural communities represent another strategic focus area. Combining extensive ground presence with digital infrastructure, the bank has deployed over 500,000 active banking touchpoints, reaching three-quarters of India's villages. The institution processes one in four Aadhaar Enabled Payment System transactions and handles half of all remittances in its network. Additionally, it facilitates roughly 1% of India's Direct Benefit Transfer payments, playing an integral role in financial inclusion initiatives.

Business-to-business digital payments have accelerated, with the bank processing transactions valued at USD 16 billion through partnerships with major aggregators. The institution is simultaneously enabling offline merchants to participate in the digital economy through an integrated suite of current accounts, QR codes, and soundbox solutions, facilitating real-time settlements and streamlined payment processing.

Through these multifaceted operations spanning consumer banking, mobility, rural finance, and merchant services, Airtel Payments Bank continues advancing digital banking accessibility and financial inclusion throughout India.