Fino Payments Bank has announced a significant increase in its loan referral business, with disbursals reaching approximately ₹166 crore in April 2026, marking a 204% year-on-year growth compared to the same period last year.
The bank’s focus on customer ownership through CASA (Current Account Savings Account) has remained a cornerstone of its long-term business model. In April 2026, the bank opened 2,36,437 CASA accounts, a 9% increase from April 2025. Renewal income also saw a 9% rise, reaching ₹19.3 crore.
Fino Payments Bank’s average total deposits grew by 13% year-on-year to approximately ₹2,801 crore, reflecting the sustained growth of its deposit franchise. The bank’s digital engagement continued to improve significantly, with digitally active customers increasing by 19% to approximately 62.1 lakh. Of these, the bank’s FinoPay mobile application users grew by 28% year-on-year to approximately 7.7 lakh.
However, the bank reported a decline in its transaction business throughput, which fell by 47% to ₹2,649 crore. This moderation is attributed to an overall ecosystem shift from cash to UPI and a focus on better quality and more transacting merchants.
In the digital payments services segment, Fino Payments Bank adopted a strategic recalibration, resulting in a temporary moderation in throughput. The B2B UPI P2M throughput saw a significant drop of 96% to ₹101 crore. The bank prioritised throughput composition over volume to build a more sustainable and risk-calibrated foundation.
Looking ahead, Fino Payments Bank aims to strengthen its liability-led franchise, focusing on consistent customer acquisition, deeper digital engagement, and sustained deposit mobilisation. The bank’s ongoing shift in product mix, with CASA accounting for a growing share of the revenue base, positions it to capture better margins compared to Fiscal 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).