Airtel Payments Bank may eye IPO in 3-4 years
In short
Airtel Payments Bank could look at an IPO in three to four years, Sunil Bharti Mittal said. The bank has nearly 100 million users and is aiming for ₹10,000 crore in revenue and deposits, plus ₹1,000 crore in profit.
What the reporting says
Airtel Payments Bank could pursue an IPO in three to four years, with Sunil Bharti Mittal saying the business may grow into a much larger financial services company. The bank has nearly 100 million users and is targeting ₹10,000 crore in revenue and deposits, along with ₹1,000 crore in profit. The remarks point to an eventual public-market debut if the expansion plan materialises.
Why it matters
Airtel Payments Bank may consider a stock-market listing in three to four years, according to Sunil Bharti Mittal, as the business aims to scale up. The bank has nearly 100 million users and is targeting ₹10,000 crore in revenue and deposits and ₹1,000 crore in profit. The comments suggest a longer-term expansion plan for Bharti Airtel's payments arm.