2 weeks ago

Sunil Mittal Steps Down as Airtel Payments Bank Chief

Sunil Mittal Steps Down as Airtel Payments Bank Chief
Sunil Mittal To Step Down As Airtel Payments Bank Chairman · inc42.com

A big bank in India called Airtel Payments Bank is getting a new leader.

The old leader, Sunil Mittal, is leaving after more than ten years of helping the bank grow.

A new chairperson named Shabnam Sinha will start on October 1.

She was already helping run the bank as an independent director.

The bank helps many people in India save money and pay for things.

It has more than 121 million users and nearly 30 million bank accounts.

Mittal helped the bank become one of the biggest payments banks in India.

Sinha has worked for the World Bank before and has lots of experience.

The change is normal for companies when leaders move on to other things.

The bank will keep helping people with banking under its new leader.

Key facts

Company
Airtel Payments Bank
Outgoing Chairman
Sunil Bharti Mittal
Incoming Chairperson
Shabnam Sinha
Effective Date
October 1, 2026
Term
Three years
Monthly Active Users
Over 121 million
Bank Account Customers
Nearly 30 million
FY26 Revenue
₹3,207 crore (up 18.4% YoY)

Quotes

Sunil Bharti Mittal

Founder and former non‑executive chairman of Airtel Payments Bank

“I thank our team, board and stakeholders for their trust, and I am confident that under Shabnam’s leadership, the Airtel Payments Bank will build on this foundation and further strengthen its position as one of India’s leading digital banking platforms.”
inc42.com
“"We built one of the country’s largest banking networks, brought underserved communities into formal banking, and delivered a safe, digital‑first experience."”
thehindubusinessline.com

Sources

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