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Airtel Payments Bank has posted a 45 per cent increase in net profit to Rs 11.2 crore for the second quarter ended September 2024, the company said on Wednesday.

Airtel Payments Bank Q2 net profit rises 45% to Rs 11.2 crore

The bank, a subsidiary of telecom major Bharti Airtel, said it witnessed significant momentum in savings account acquisitions in Q4FY24 and now onboards over a million new customers monthly.Its monthly transacting users (MTU) grew to 80.4 million, and its gross merchandise value (GMV) reached Rs 2,550 billion.

Airtel Payments Bank Q4 Results: Profit surges 60 % to Rs 34.5 crore

Airtel Payments Bank on Thursday posted a multifold jump in net profit to Rs 7.7 crore in the September quarter mainly on account of uptick in saving accounts.

Airtel Payments Bank net profit rises to Rs 7.7 crore in Q2

Airtel Payments Bank to install 1.5 lakh micro ATMs this fiscal

Customers can dissolve an FD before the maturity date through the Airtel Thanks app, and no penalty or processing fee will be charged on premature withdrawals,&nbsp;IndusInd Bank noted.&nbsp;&nbsp;

Airtel Payments Bank-IndusInd Bank FD: Check interest rates and other fixed deposit details 

Brokerage company CLSA has given a buy opinion on Bharti Airtel and has given a target of Rs 915 to investors for buying here. Investors can get returns of up to 23 percent by investing money here. In the opinion of the brokerage company, money can be invested in this stock and strong profits can be made.

Airtel Payments Bank's annual revenue increased by 60%, CLSA bullish on Bharti Airtel, Know the target

The concept of Payments Banks was introduced by the RBI in 2015. The idea behind this concept was to give banking license to fintech companies and provide banking services to the underserved population of India. Here is all you need to know about a Payments Bank.

What Is A Payments Bank? Why Was The Concept Introduced? | All You Need To Know

This represents about 61 per cent year-on-year growth in transaction volume per quarter, underlining the bank's digital-first model and distribution of over 5,00,000 banking points that give it the ability to scale up rapidly

Airtel Payments Bank surpasses 1 bn transactions mark in Q2FY22

Kotak Mahindra Bank will sell 20 crore shares in Airtel Payments Bank Ltd amounting to 8.57 per cent stake to Bharti Enterprises for around Rs 294 crore.

Kotak Mahindra Bank to sell 8.5% stake in Airtel Payments Bank to Bharti Enterprises

It's a good news for you if you use Airtel Payments Bank!&nbsp;

Using Airtel Payments Bank? FREE! Good news for you

<h2>Online payment fraud:&nbsp;To protect Airtel customers from the growing incidents of online payment fraud, Airtel Payments Bank today launched ‘Airtel Safe Pay’ – India’s safest mode for making digital payments.</h2>

Good news for Airtel customers! This 100% free service to ensure safety from online payment fraud

To offer health insurance plans to provide cover and give financial protection against COVID-19 pandemic, Airtel Payments Bank has joined hands with Bharti AXA General Insurance.&nbsp;

Coronavirus: Airtel Payments Bank joins hands with Bharti AXA for health insurance plans - All you need to know

Airtel Payments Bank is offering a special benefit of Rs 50 cashback on FASTag purchase made via the app. This cashback is additional on NHAI's 2.5 per cent cashback offer.

Want to buy FASTag? Buy from this company, get Rs 50 cashback in addition to NHAI's 2.5% offer

Customers will be also eligible for cashback - if they decide to receive government subsidies in their Bharosa Account or if they make cash deposits in it, said the company, adding that the Bharosa has been designed on the basis of extensive market research.&nbsp;

Airtel Payments Bank launches Bharosa Savings Account; maintain just Rs 500 balance

Violation of KYC norms: RBI slaps Rs 5 crore penalty on Airtel Payments Bank 

Heating up the war for subscribers in the telecom space, Airtel and Vodafone have released cashback&nbsp;offers on bundled handsets. 
&nbsp;

Airtel, Vodafone offer cashback on Samsung phones; we compare

Arora, who has been working with the telecom firm in senior leadership roles since 2006, was appointed MD and CEO of Airtel Payments Bank on June 1, 2016.

Airtel Payments Bank CEO Shashi Arora quits over eKYC licence row

Aadhaar misuse: Airtel deposits 'interim penalty' of Rs 2.5 crore with UIDAI

Aadhaar linked e-KYC issue spells more trouble for the telecom giant as customers&nbsp;have allegedly received LPG subsidies into their Airtel Payments bank account. 
&nbsp;

Aadhaar issue: Bharti Airtel subscribers get LPG subsidy in Payments bank account

Aadhaar issue: Airtel slips nearly 3% after UIDAI order to suspend e-KYC license

airtel-payments-bank

Airtel Payments Bank has posted a 45 per cent increase in net profit to Rs 11.2 crore for the second quarter ended September 2024, the company said on Wednesday.

The bank, a subsidiary of telecom major Bharti Airtel, said it witnessed significant momentum in savings account acquisitions in Q4FY24 and now onboards over a million new customers monthly.Its monthly transacting users (MTU) grew to 80.4 million, and its gross merchandise value (GMV) reached Rs 2,550 billion.

Airtel Payments Bank on Thursday posted a multifold jump in net profit to Rs 7.7 crore in the September quarter mainly on account of uptick in saving accounts.

Customers can dissolve an FD before the maturity date through the Airtel Thanks app, and no penalty or processing fee will be charged on premature withdrawals, IndusInd Bank noted.  

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Airtel Payments Bank

Airtel Payments Bank Q2 net profit rises 45% to Rs 11.2 crore

Airtel Payments Bank Q4 Results: Profit surges 60 % to Rs 34.5 crore

Airtel Payments Bank net profit rises to Rs 7.7 crore in Q2

Airtel Payments Bank to install 1.5 lakh micro ATMs this fiscal

Airtel Payments Bank-IndusInd Bank FD: Check interest rates and other fixed deposit details

Airtel Payments Bank's annual revenue increased by 60%, CLSA bullish on Bharti Airtel, Know the target

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