The bank opened 3.13 lakh new accounts in June 2026, compared with 2.39 lakh accounts in June 2025. The total account base reached 1.8 crore accounts. The bank’s average total deposits stood at ₹2,755 crore, up 11% YoY from ₹2,477 crore, while renewal income increased 6% YoY to ₹20.8 crore.
Digital engagement continued to grow, with digitally active customers rising 22% YoY to 64.7 lakh. Active users on the FinoPay mobile application increased 38% YoY to 8.4 lakh.
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Fino Payments Bank’s loan referral business, which serves as a pilot for its proposed Small Finance Bank transition, saw strong growth. Loan referral disbursals increased 253% YoY to ₹240 crore in June 2026 from ₹68 crore in the year-ago period.
The bank said the growth in loan referral business supports its lending strategy and reflects the credit potential within its customer ecosystem.
In the transaction business segment, including remittance, micro ATM and AePS, throughput stood at ₹2,830 crore in June 2026, down from ₹4,373 crore in June 2025.
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“The overall ecosystem shift from cash to UPI and focus on higher-quality, more transacting merchants has resulted in throughput moderation. However, the pace of degrowth in this segment has eased compared to previous months,” the bank added.
The business performance update is based on provisional and unaudited numbers.
In March this year, a media report suggested that the Directorate General of GST Intelligence (DGGI) may recommend an investigation by the Enforcement Directorate into online gaming transactions linked to the Fino Payments Bank. CNBC-TV18, however, could not independently verify the report at the time of publishing this story.
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In response, Fino Payments Bank said it is currently not subject to any investigation by any authority other than the DGGI Hyderabad in connection with the matter.
The bank clarified that the ongoing investigation by DGGI relates to certain program managers and merchants associated with multiple banks, including Fino Payments Bank, and does not concern the bank’s own GST compliance.
It also said that the bank does not directly or indirectly engage in, or promote, any gaming or betting activities through any platform, website, or channel.
Shares of FINO Payments Bank Ltd ended at ₹136.25, up by ₹1.55, or 1.15%, on the BSE.
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