Fino Payments Bank reports highest ever quarterly CASA renewal income of ₹62.2 crore

Business Desk — Wed, 29 Apr 2026 13:49:05 +0000

Fino Payments Bank Limited has announced its financial results for the fourth quarter and full year ended 31st March 2026, highlighting a stable performance amidst operational challenges. The bank achieved its highest ever quarterly CASA renewal income of ₹62.2 crore, marking a 12% year-on-year increase.

The bank’s net-revenue margin reached a record 40% in Q4’26, with the CASA segment contributing 45%. Total deposits hit an all-time high of ₹2,957 crore on 14th March 2026, reflecting strong customer confidence.

For FY’26, Fino Bank reported a revenue of ₹1,587.9 crore, a 14% decrease year-on-year, while net revenue remained stable at ₹584.4 crore. Total throughput for Q4’26 decreased 17% year-on-year to ₹1,07,798 crores, with digital throughput at ₹65,269 crores, down 13% year-on-year. However, for FY’26, total throughput remained flat at ₹4,64,047 crores, with digital throughput increasing 16% year-on-year to ₹2,62,009 crores.

The customer base expanded to 1.75 crore, with approximately 6.9 lakh accounts added in Q4’26, including 3.2 lakh accounts in March 2026 alone. Average deposits rose 20% year-on-year in Q4’26 to ₹2,535 crore.

The referral lending business saw significant growth, with disbursements of ₹1,285 crore during FY’26. In Q4’26, referral loan disbursements surged by 97% over Q3’26 to ₹592 crore, driven by demand from rural India.

Interim CEO Mr. Ketan Merchant highlighted the bank’s institutional resilience and customer trust, while Interim CFO Mr. Anup Agarwal noted the strong business momentum and competitive positioning for the next phase.

The bank remains committed to governance continuity and institutional stability, having maintained full cooperation with authorities regarding ongoing investigations related to program managers associated with multiple banks.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Anup Agarwal | Business Upturn

Fino Payments Bank reports highest ever quarterly CASA renewal income of ₹62.2 crore