Overview

• Operating income rose 18.95% year-on-year to Rs 3,270 crore in FY25, driven by fee-based services across UPI, RuPay and other platforms.
• Surplus after tax climbed 41.73% to Rs 1,552 crore, lifting the surplus margin to 47.5% of operating income.
• The payments body processed a record 21,360 crore digital transactions in FY25, up 32.67% from the prior year.
• NPCI maintained a debt-free balance sheet with a Rs 17,892 crore Settlement Guarantee Fund and Rs 2,288 crore in cash and equivalents as of March 31, 2025.
• ICRA reaffirmed NPCI’s A1+ credit rating and raised its rated bank facility limit to Rs 15,000 crore, even as future revenue remains tied to transaction volumes and RBI oversight.