Kolkata, Feb 9 (Reporter) Airtel Payments Bank on Friday announced its consolidated results for the third quarter ended December 31, 2023, continuing to witness a strong growth trajectory with revenue at Rs 469 crore, up by 47 per cent YoY, while net profit stood at Rs 11 crore, up by 120 per cent YoY. The Bank’s Monthly Transacting Users (MTU) grew to 59 million giving a boost to customer deposits, which grew by 50 per cent YoY to Rs. 2,339 crore during the quarter, according to a media statement. The Bank's annualised Gross Merchandise Value (GMV) stood at over INR 2,628 bn. The Bank also witnessed an increase in uptick in fee income, driven by newly launched products including debit card and savings bank account. Commenting on the results, Anubrata Biswas, MD and CEO of Airtel Payments Bank, said, “We have delivered yet another quarter of consistent and competitive growth backed by a surge in customer demand for our safe digital products including savings bank account, debit card and other offerings including FASTag. Compliance continues to be the bedrock of everything we do as a bank, and we are confident that this will help us stay on course to be India’s only profitable fintech...////...