Renewal income increased 9% YoY to ₹19.3 crore, while average total deposits rose 13% to around ₹2,801 crore. Digitally active customers grew 19% to 62.1 lakh, with users on the FinoPay app increasing 28% to 7.7 lakh.
Transaction business throughput declined 47% year-on-year to ₹2,649 crore from ₹4,986 crore. Within digital payment services, B2B UPI P2M throughput fell 96% to ₹101 crore from ₹2,879 crore, while the overall moderation was attributed to an ecosystem shift from cash to UPI and focus on higher-quality merchants.
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Loan referral disbursals rose sharply to ₹166 crore, more than 3 times the ₹55 crore reported in April 2025, marking a 204% increase. The bank said its liability franchise remains central to its business model, driven by customer acquisition across the merchant network, website, FinoPay app and B2B partnerships.
Digitally active customers and deposit mobilisation continued to show growth momentum, with sustained expansion in CASA and engagement across digital channels. The bank said the moderation in transaction and digital payment throughput was linked to a strategic recalibration, focusing on composition quality and risk-aligned growth.
In its outlook, Fino Payments Bank said it is focused on strengthening its liability-led franchise through customer acquisition, digital engagement and deposit growth. It said CASA expansion is expected to support improved margins compared with FY26, while loan referral growth supports its small finance bank journey.
Also Read: Fino Payments Bank says MD & CEO unavailable for 45+ days amid fit-and-proper review
Shares of Fino Payments Bank Ltd ended at ₹133.05, down by ₹3.40, or 2.49%, on the BSE.
