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The latest capital infusion comes at a time when deposits of top payments banks have grown by over 70%. The Reserve Bank of India (RBI<\/a>), in a response to an Right to Information (RTI<\/a>) filing by TOI, said that payments bank deposits stood at close to Rs 940 crore at the end of December 2018. While the large players are growing their customer base, payments banks as a business are yet to develop a sustainable business model as they are barred from lending. Existing banks are still in early stages of trying to generate revenue by cross-selling products and services to account holders.
Across payments banks, largely dominated by Paytm<\/a> and Airtel<\/a>, total deposits were to the tune of about Rs 540 crore in May 2018. The figures shared by the RBI in the RTI are as of December 2018. According to the RTI response, Airtel and Paytm banks together have about 75% of total deposits with Paytm being ahead of Airtel at the end of 2018. Airtel and Paytm had deposits of Rs 320 crore and Rs 371 crore respectively for the same period.
The regulatory filings were sourced from business intelligence platform Tofler. From April to December 2018, close to 4 crore new payments bank accounts were opened even though the full financial year ending March 2018 witnessed 11.6 crore new accounts being opened. Payments bank are barred from holding deposits of more than Rs 1 lakh per account at the end of the day although they cannot control intra-day inflows.
In response to TOI’s e-mailed query, Airtel Payments Bank MD & CEO Anubrata Biswas<\/a> said the bank will continue to invest and scale up operations to tap the market opportunity. “Airtel Payments Bank is seeing rapid business growth, driven by our unmatched reach through our 5 lakh retail banking points, digital propositions and large customer base. The bank has developed a robust platform to take convenient digital banking services to the vast under-banked population, across individuals and merchants,” said Biswas.
After RBI granted in-principle approval to set up payments banks to 11 applicants, three applicants dropped out including Sun Pharma promoter Dilip Shanghvi. Apart from Airtel and Paytm, Fino, India Post<\/a> are the operational payments banks. NSDL Payments Bank, Jio Payments Bank and Aditya Birla Payments Bank (ABPB) are yet to be fully operational and have limited presence currently.
Another big hit to the payments bank business model was the Supreme Court order barring the use of Aadhaar for any purpose other than enabling government benefits. Most banks had build a customer acquisition model using Aadhaar for paperless fulfilment of “know your customer” (KYC) norms.
In May, TOI had reported saying Paytm’s payments bank reported profitability for the financial year ending March 2019, largely driven by non-core revenues such as interest incomes. At the end of March 2018, Airtel Payments Bank reported a revenue of Rs 160 crore over a loss of Rs 272 crore. The company’s total expenses for the fiscal were reported as Rs 433 core. Paytm had said it reported revenue of Rs 1,500 crore at the end of March 2019 with a net profit of Rs 20 crore.
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Airtel支付银行从母公司获得Rs 325 cr
电信主要Bharti Airtel和Bharti Enterprises分别投资260卢比和65卢比支付银行。
最新注资正值前支付银行存款增长了超过70%。印度央行(Reserve Bank of India) (印度储备银行),在回应一个正确的信息(RTI)申请钢铁洪流说,支付银行存款站在接近940卢比在2018年12月底。而大玩家增长他们的客户群,支付银行作为一个企业尚未建立一个可持续的商业模式,因为他们被禁止贷款。现有的银行仍在早期阶段的努力产生收入账户持有人通过交叉销售产品和服务。
在支付银行,主要由Paytm和附近的旅馆,总存款共计约2018年5月540卢比。RTI的RBI共享的数据是截止到2018年12月。根据RTI响应,Airtel和Paytm银行一起有大约75%的总存款Paytm Airtel在2018年底之前。Airtel和Paytm存款分别为320卢比和371卢比的同一时期。
提交给监管机构的文件是来自Tofler商业智能平台。从4月到2018年12月,接近4卢比支付银行账户新增即使整个财政年度截至2018年3月新开账户11.6卢比。支付银行被禁止持有存款超过1 Rs十万的每个账户在一天结束的时候,虽然他们不能控制盘中流入。
在回应钢铁洪流的邮件查询,Airtel支付银行MD &首席执行官Anubrata Biswas表示,该行将继续投资和扩大业务,挖掘市场机会。“Airtel支付银行看到业务的快速增长,由我们无与伦比的达到通过5十万的零售银行业务点,数字命题和庞大的客户基础。银行已经开发了一个强大的平台,采取方便的电子银行服务人口庞大的银行业务,在个人和商家,”Biswas说。
央行授予日前批准后建立支付银行11申请者,三个申请者退出包括太阳制药公司发起人,迪利普·桑哈维。除了Airtel和Paytm,非诺,印度的帖子是操作支付银行。Jio NSDL付款银行付款银行和Aditya Birla支付银行(ABPB)尚未全面运作,目前存在有限。
另一个大的打击支付银行的商业模式是最高法院的命令,禁止使用Aadhaar为任何目的除了让政府福利。大多数银行已经建立一个客户获取模型使用Aadhaar无纸化实现“了解你的客户”的什么标准。
今年5月,钢铁洪流已经报道说Paytm支付银行公布了截至2019年3月的财政年度的盈利能力,主要受到非核心利息收入等收入。在2018年3月底,Airtel支付银行公布160卢比的收入损失272卢比。公司的总费用的财政报告为Rs 433核心。Paytm曾表示,营收的1500卢比在2019年3月底与20卢比的净利润。
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