Sunil Mittal To Step Down As Airtel Payments Bank Chairman, Shabnam Sinha To Take Over

Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, will resign as non-executive chairman of Airtel Payments Bank after more than a decade of service. His departure is set for September 30, with Shabnam Sinha assuming the role on October 1 for a three-year term. Mittal thanked his team, board, and stakeholders for their trust and expressed confidence in Sinha's leadership.

Sinha brings over three decades of experience in development finance, financial services, public policy, and institutional transformation. Currently, she serves as an independent director on Airtel Payments Bank's board, chairs its fraud monitoring committee, and is a member of the risk management and IT committees. The leadership change comes as Airtel Payments Bank continues to expand its operations, with revenue increasing 18.4% YoY to ₹3,207 Cr and net profit at ₹109 Cr in the financial year ended March 2026.

Customer balances grew 26% YoY to ₹4,612 Cr, while annualized gross merchandise value surpassed ₹4.5 Lakh Cr.