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NPCI Reports 37% Rise in Net Profit to Rs 1,134 Crore, Revenue Up 42% to Rs 2,876 Crore for FY24
Sep 12, 2024, 07:12 AM
The National Payments Corporation of India (NPCI) reported a significant financial performance for FY24, with a net profit increase of 37% to Rs 1,134 crore. This marks NPCI as one of the first payments organizations in India to cross Rs 1,000 crore in net profit. The company also saw its revenue grow by 42% to Rs 2,876 crore in FY24. NPCI manages various payment services including IMPS, UPI, BHIM, NACH, RuPay, AePs, FASTag, and BBPS, and is responsible for most digital payment settlements in the country on behalf of the Reserve Bank of India.
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