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Bharti Airtel’s tariff increase of 20 percent in December 2021 and 15 percent in October 2022 played a significant role in its revenue growth. Similarly, Reliance Jio’s revenue increased due to the telco’s substantial price increase of 25 percent in its prepaid category.

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(Image: “Nature in Motion” collection by Babak Tafreshi, Sample of the content displayed at the Arquer Institute from WindowSight)

Every organisation, including banks, should strive to serve all its stakeholders, viz., customers, partners, employees, shareholders, and planet in equal measure. In collaboration with Kyndryl, this research presents a comprehensive review of the state of APAC banks, the projected 2023 outlook and their progress along the five purpose pillars. Of the 44 leading banks, 16 new entrants have begun to deliver high-value impact, both in purpose and growth, according to the twimbit Purpose Index. According to the twimbit Purpose Index, here are a few of the biggest highlights (Exhibit 1).