Shabnam Sinha to Succeed Sunil Mittal as Airtel Payments Bank Chairperson
The appointment follows RBI approval as Sunil Bharti Mittal steps down, with the bank serving over 121 million monthly active users.
- On Monday, Airtel Payments Bank appointed independent director Shabnam Sinha as the new Chairperson, effective October 1, 2026, following approval from the Reserve Bank of India.
- Sunil Bharti Mittal, the bank's Non-Executive Chairman, will conclude his tenure and step down from the Board on September 30, 2026, ahead of a three-year leadership term starting in October.
- Under the previous leadership, the bank grew to serve over 121 million monthly active users and nearly 30 million bank account customers; the incoming Chairperson brings over three decades of board experience, including work with the World Bank.
- The bank operates a network of over 500,000 banking points across India; "the Bank grew to become India's largest payments bank," the release said.
- This official sanction solidifies the organization's standing as the second-largest mobile bank, as it continues operations as a specialized bank offering payments and remittances.
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Airtel Payments Bank is set to undergo a major leadership change effective October 1, 2026. Sunil Bharti Mittal will step down as chairman and from the board on September 30, after serving as chairman for nearly a decade. Shabnam Sinha will replace him as the new chairperson. The Reserve Bank of India has approved her three-year term. Sinha, who has World Bank experience, will focus on digital financial services, risk management, and expanding a…
Sunil Bharti Mittal to Step Down as Airtel Payments Bank Chairman, Shabnam Sinha to Succeed Him
Get latest articles and stories on Business at LatestLY. Shabnam Sinha will take over as Chairperson of Airtel Payments Bank for a three-year term from October 1, 2026, succeeding Sunil Bharti Mittal, the bank said on Monday. Business News | Sunil Bharti Mittal to Step Down as Airtel Payments Bank Chairman, Shabnam Sinha to Succeed Him.
Sunil Mittal to step down as Airtel Payments Bank chair; Shabnam Sinha to take over
Mittal was appointed non-executive chairman of Airtel Payments Bank in April 2016. During his tenure, the bank expanded its reach across both urban and rural India and built a large network of banking points.
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