Date: August 17, 2026

KMP / Board / Auditor Changes

Sunil Bharti Mittal

  • Designation: Non-Executive Chairman of Airtel Payments Bank Limited
  • Type of change: Resignation/stepping down from Board
  • Effective date: September 30, 2026
  • Background: Founder and Chairman of Bharti Enterprises, appointed as Non-Executive Chairman in April 2016

Shabnam Sinha

  • Designation: New Chairperson of Airtel Payments Bank Limited
  • Type of change: Appointment as Chairperson
  • Effective date: October 1, 2026 for a three-year term
  • Current roles: Independent Director on the Board, chairs Special Committee of the Board for Monitoring Frauds, member of Risk Management and IT Committees
  • Approval: Appointment approved by Reserve Bank of India (RBI)
  • Profile: Over three decades of leadership and board experience across development finance, financial services, public policy and institutional transformation. Former World Bank advisor to governments and institutions across Asia, Africa and Europe on governance, risk management and operational effectiveness. Expertise in financial inclusion, digital transformation and institution building.

Other Operational / Legal / Strategic Disclosures

Airtel Payments Bank Business Overview:

  • Described as one of India's fastest-growing digital banks and largest payments bank by revenue
  • Strong presence across both consumer and enterprise businesses
  • Serves over 121 million monthly active users
  • Nearly 30 million bank account customers
  • Operates through Airtel Thanks App and network of over 500,000 banking points
  • Largest banking network in the country, reaching three out of four villages across India
  • Country's 2nd largest mobile bank and UPI Autopay player
  • One in five rural banking points operated by women banking correspondents
  • Focused on contributing to Government's vision of Digital India and Financial Inclusion

Strategic Comments:

  • Mr. Mittal stated the bank grew from accessibility-focused effort into trusted institution serving millions across urban and rural India
  • Ms. Sinha noted digital financial services are becoming backbone of India's inclusive growth story
  • Bank described as combining technology with accessible banking, serving as bridge to formal economy