Net profit of payment banks India FY 2018-2024

Published by Sandhya Keelery, Jun 11, 2025

In financial year 2024, the net profit of the payment banks in India was nearly *********** Indian rupees. This was an increase from 2018 when the payments bank incurred a loss of over ************ rupees. The availability of limited operational space and the high initial cost of infrastructure resulted in a high operational expense, ultimately leading to a net loss in the past.

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Net profit of payment banks in India from financial year 2018 to 2024 (in billion Indian rupees)

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Release date

December 2024

Region

India

Survey time period

FY 2018 to FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2024 started in April 2023 and ended in March 2024.

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of February 2025).

Values have been rounded for clarity. 

Data for FY 2018 refers to five, for FY 2019 to seven, and for FY 2020 and FY 2021 to six payment banks.

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