Highlights
NPCI’s Impressive Growth in Fiscal Year 2025
The National Payments Corporation of India (NPCI) has demonstrated significant progress, achieving a 19% year-on-year rise in operating revenue for the fiscal year concluding in March 2025. During this same period, the organisation’s profits surged by 42%, surpassing the Rs 1,500 crore milestone.
Financial Highlights of NPCI for FY25
NPCI recorded an operating income of Rs 3,270 crore in FY25, a notable increase from Rs 2,749 crore in FY24, according to an ICRA report. The corporation operates under a fee-based structure, linking its revenue to the settlement volumes of a variety of products, including the Unified Payment Interface (UPI).
Growth in Digital Transaction Volumes
Digital transaction volumes were a significant contributor to this growth, with total transactions processed by NPCI reaching Rs 21,360 crore, reflecting a 33% year-on-year increase from Rs 16,100 crore in the fiscal year ending March 2025.
Financial Management and Stability
As a not-for-profit organisation, NPCI refers to its profit after tax as ‘surplus after tax’, treating this surplus similarly to profit reports of for-profit organisations. For FY25, the surplus after tax was recorded at Rs 1,552 crore, indicating a robust 42% increase from Rs 1,095 crore in FY24.
Furthermore, the organisation’s financial stability is bolstered by Rs 2,288 crore in cash and cash equivalents held in banks, as well as Rs 13,667 crore in available lines of credit from several banking institutions.
Conservative Risk Management Approaches
NPCI maintains a conservative risk profile, capping its financial exposure at Rs 5 crore per product. As of March 31, 2025, its Settlement Guarantee Fund (SGF) reached an impressive Rs 17,892 crore, which includes Rs 2,695 crore allocated for the Bharat Bill Payment System (BBPS).
Initially, NPCI was promoted by 10 banks, including SBI, PNB, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank NA, and HSBC. As of May 31, 2025, NPCI boasts 65 shareholders, encompassing a variety of public, private, foreign, co-operative, payments, and regional rural banks.
NPCI’s net worth stood at an impressive Rs 6,412 crore, ensuring a solid capital foundation to support its operational scale and infrastructure development.