The bank’s profit for the quarter rose to Rs 11.8 crore against Rs 11.2 crore in the corresponding period of the previous fiscal.
“For the first time, the bank’s quarterly revenues crossed Rs 800 crore,” a press release said.
Annualized gross merchandise value (GMV) reached Rs 4,56,000 crore, reflecting growing adoption of the Bank’s Safe Second Account, merchant propositions and other product offerings, the release said, noting that it continues to be the third largest mobile bank in India by user base.
“Our consistent growth reflects the strength of our digital-first model and the deep trust our customers place in us,” said Anubrata Biswas, Managing Director and Chief Executive Officer of Airtel Payments Bank. “The Safe Second Account continues to be a key growth driver, allowing customers to manage their daily digital transactions with ease and confidence,” Biswas added. cents annually.
“The bank’s offline presence continues to deepen with a robust network of more than five million active banking points, every fifth of which are managed by female banking correspondents,” the press release said.
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