Airtel Payments Bank reports 141% YoY surge in FY23 net profit
Airtel Payments Bank (APB) reported a 141% on-year jump in net profit to Rs 21.7 crore in FY23 on the back of strong growth in its transacting user base and gross merchandise value (GMV). Revenue growth was strongest in the fiscal fourth quarter, rising 19% sequentially to Rs 379 crore. Customer deposits grew 59% on-year to Rs 1,865 crore, fuelled by a healthy addition of new users, APB said in a
