Bharti Airtels payments banking arm also reported a 143% on-year jump in net profit to Rs 5.1 crore in the April-June quarter, helped by strong growth in its transacting user base and gross merchandise value (GMV). Annualised revenue was upwards of Rs 1,600 crore.
As part of its strategy to monetise its digital service offerings, Bharti Airtel will look at listing its fintech arm, Airtel Payments Bank, reported the Financial Express quoting sources, adding that the exact timing hasn’t been finalised yet.