Airtel Payments Bank targets 50% deposit growth in FY25

Airtel Payments Bank is targeting around 50% year-on-year (y-o-y) growth in FY25, MD & CEO Anubrata Biswas told FE. The overall deposits stood at Rs 2,801 crore as on March 2024, with monthly transacting users (MTUs) at 80.4 million.

“We should have a strong double-digit growth rate in the same range in FY25 as well. As the model has matured, average balance per user has also grown. Further, we are also onboarding higher quality users — from the urban and digital segments,” he said.