Net loss of payment banks India FY 2018-2022

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2022, the payment banks in India incurred a net loss of 1.3 billion Indian 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.

Net loss of payment banks in India from financial year 2018 to 2022 (in billion Indian rupees)

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Release date

December 2022

Region

India

Survey time period

FY 2018 to FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

One Indian rupee is equal to 0.012 U.S. dollars and 0.011 euros (as of July 2023).

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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