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Airtel Payments Bank

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

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

Wed, Nov 06, 2024

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 Q4 Results: Profit surges 60 % to Rs 34.5 crore

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

Wed, May 22, 2024

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 net profit rises to Rs 7.7 crore in Q2

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

Thu, Nov 09, 2023

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.

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Airtel Payments Bank to install 1.5 lakh micro ATMs this fiscal

Airtel Payments Bank to install 1.5 lakh micro ATMs this fiscal

Wed, Sep 28, 2022

Airtel Payments Bank has started rolling out 1.5 lakh micro ATMS in a phased manner across tier 2 cities and semi-urban regions to facilitate cash withdrawal for its customers, the company said on Wednesday.

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

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

Tue, Apr 26, 2022

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.

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

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

Thu, Apr 21, 2022

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.

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

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

Sat, Mar 05, 2022

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.

Airtel Payments Bank surpasses 1 bn transactions mark in Q2FY22

Airtel Payments Bank surpasses 1 bn transactions mark in Q2FY22

Sun, Dec 26, 2021

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

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

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

Tue, Aug 31, 2021

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.

Using Airtel Payments Bank? FREE! Good news for you

Using Airtel Payments Bank? FREE! Good news for you

Thu, Jan 21, 2021

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

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

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

Wed, Jan 20, 2021

Online payment fraud: 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.

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

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

Mon, Apr 06, 2020

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.

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

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

Thu, Nov 21, 2019

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.

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

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

Tue, Sep 17, 2019

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.

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

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

Fri, Mar 09, 2018

Violation of KYC norms: The Reserve Bank has imposed a penalty of Rs 5 crore on Airtel Payments Bank for violating operating guidelines and Know Your Customer (KYC) norms. The fine was imposed after RBI scrutinised the bank's documents relating to opening of accounts without any specific or clear

Airtel, Vodafone offer cashback on Samsung phones; we compare

Airtel, Vodafone offer cashback on Samsung phones; we compare

Fri, Jan 05, 2018

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

Airtel Payments Bank CEO Shashi Arora quits over eKYC licence row

Airtel Payments Bank CEO Shashi Arora quits over eKYC licence row

Fri, Dec 22, 2017

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.

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

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

Wed, Dec 20, 2017

Airtel has deposited an interim penalty of Rs 2.5 crore with the Aadhaar-issuing body UIDAI after an action against the telecom operator for allegedly opening payments bank accounts of its mobile subscribers without their 'informed consent', according to sources.

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

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

Tue, Dec 19, 2017

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

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

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

Mon, Dec 18, 2017

Shares of Bharti Airtel tumbled on Monday after the Unique Identification Authority of India (UIDAI) ordered a temporary suspension of the telecom giant’s Aadhaar linked e-KYC services. Airtel’s shares opened 2.75% or 14.25 points down at Rs 504.70 per share.

UIDAI suspends Airtel, Airtel Bank's Aadhaar-linked e-KYC services

UIDAI suspends Airtel, Airtel Bank's Aadhaar-linked e-KYC services

Sun, Dec 17, 2017

The Unique Identification Authority of India (UIDAI) has temporarily suspended telecom major Bharti Airtel and Airtel Payments Bank`s "Aadhaar linked e-KYC" services for alleged misuse of the facility.

Dealing with notices from UIDAI, says Airtel; shares dip nearly 1% on BSE Sensex

Dealing with notices from UIDAI, says Airtel; shares dip nearly 1% on BSE Sensex

Fri, Dec 01, 2017

Airtel has said that re-verification for mobile phones and the opening of Airtel Payment Bank Accounts are separate transactions and not linked.

Hike Messenger piggybacks Airtel to boost its payments bank business

Hike Messenger piggybacks Airtel to boost its payments bank business

Wed, Nov 22, 2017

Airtel Payments Bank will now get access to over 10 crore Hike users who will then be able to use its payments banking facilities.

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