Airtel Payments Bank Ltd, on Monday said it has appointed Shabnam Sinha as the Chairperson of the company as Sunil Bharti Mittal concludes his tenure as Non-Executive Chairman and steps down from the Board, effective September 30, 2026.
Sinha will assume the role for a three-year term beginning October 1, following approval from the Reserve Bank of India (RBI), the company said. She currently serves as an Independent Director on the Board of Airtel Payments Bank, where she chairs the Special Committee of the Board for Monitoring Frauds and is a member of the Risk Management and IT Committees.
Sunil Bharti Mittal
| Photo Credit: PTI
Mittal, Founder and Chairman, Bharti Enterprises, was appointed as Non-Executive Chairman of Airtel Payments Bank in April 2016 and under his leadership, the company grew to become India’s largest payments bank by revenue, with a strong presence across both consumer and enterprise businesses.
Today, it serves over 121 million monthly active users and nearly 30 million bank account customers through Airtel Thanks App and a network of over five-lakh banking points, reaching three out of every four villages across India, the company said.
Airtel Payments Bank has expanded access to formal banking services across the country, while also emerging as the country’s second-largest mobile bank and UPI Autopay player, it noted.
“We built one of the country’s largest banking networks, brought underserved communities into formal banking, and delivered a safe, digital-first experience,” Mittal said.