The bank opened 2.43 lakh deposit accounts during the month, down 22% from 3.14 lakh accounts in August 2025. Renewal income also slipped 4% year-on-year to ₹22.8 crore.
Transaction throughput was another weak spot, falling 19% year-on-year to ₹3,770 crore from ₹4,660 crore. The decline comes as Fino continues to recalibrate its digital payments business, particularly its B2B UPI P2M vertical.
At the same time, there were signs of stronger traction in other parts of the business. Loan referral disbursals surged to ₹243 crore in August from ₹52 crore a year ago, a jump of 367%. Cash management services throughput also grew 17% to ₹6,669 crore.
Fino’s digitally active customer base increased 15% year-on-year to 65.6 lakh, while FinoPay active customers rose 13% to 8.1 lakh.
The latest update comes after a mixed first quarter for Fino Payments Bank. The bank reported a net loss of ₹13.7 crore in Q1FY27, compared with a net profit of ₹17.8 crore in the year-ago quarter, as it recalibrated its digital payments services and faced pressure in its transaction-led business.
Net interest income, however, rose 13.1% year-on-year to ₹36.9 crore. The bank’s net revenue margin expanded 925 basis points year-on-year and 275 basis points sequentially to 42.8%, helped by a higher contribution from the high-margin CASA segment, which accounted for 54% of the mix.Also Read: Man Industries shares surge over 11% as order book swells to ₹4,100 crore
Fino said sustained deposit growth and healthy momentum in loan referrals continue to reinforce its preparedness for its proposed transition to a Small Finance Bank.
Shares of Fino Payments Bank were trading 1.6% higher at ₹140 on the BSE after the announcement, a relatively modest reaction to the mixed business update.
First Published: Sept 10, 2026 3:05 PM IST
