Fino Payments Bank Ltd

Fino Payments Bank Limited announced the appointment of Amit Kumar as Head – Branch Banking, effective September 4, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. Kumar, who holds an MBA from Birla Institute of Management Technology, New Delhi, brings over 23 years of experience from organizations including Jana SFB, Bandhan Bank, IndusInd Bank, ICICI Bank, and LIC of India, and previously managed a network of more than 130 branches and over 1200 employees.

Fino Payments Bank Limited announced that the Reserve Bank of India has approved the extension of the tenure of Mr. Ketan Merchant as Interim CEO for a further period of three months, effective August 27, 2026, or until the date a regular MD & CEO takes charge.

Fino Payments Bank will hold a meeting of the Board of Directors of the Company on 13 August 2026.

The domestic benchmark indices ended near the flat line with positive bias on Monday, as investors shrugged off concerns over the escalating US-Iran conflict and turned their attention to stock-specific action and the ongoing first-quarter earnings season. After opening lower on heightened geopolitical concerns, the market recovered through the session to end near the flat line. Nifty ended above 24,200 level. Going ahead, investors will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for cues on the market's near-term direction. IT, Media and consumer durables stocks advanced while FMCG, metal and pharma shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 47.04 points or 0.06% to 77,616.40. The Nifty 50 index rose 4.10 points or 0.02% to 24,211. In the broader market, the BSE 150 MidCap Index rose 0.02% and the BSE 250 SmallCap Index rose 0.25%. The market breadth was positive. On the BSE, 2,341 shares rose and 2,061 shares fell. A total of 202 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 8.38% to 13.28. In the commodities market, Brent crude for September 2026 settlement added $1.81 or 2.38% to $77.82 a barrel. Economy: India's trade deficit widened to $30.43 billion in June'26 from $19.10 billion in June'25 and $28.21 billion in May'26. India's merchandise exports climbed 15.5% to $40.41 billion in June 2026, compared with $34.98 billion in the year-ago period. Imports surged 31% year-on-year to $70.84 billion, up from $54.08 billion, resulting in a wider trade deficit. On a sequential basis, merchandise exports declined from $45.20 billion in May to $40.41 billion in June, while imports eased from $73.41 billion to $70.84 billion over the same period. IPO Update: Laser Power & Infra IPO received bids for 85.33 crore shares as against 2.55 crore shares on offer. The issue was subscribed 33.35 times. The issue opened for bidding on 09 July 2026 and it will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof. Buzzing Index: The Nifty IT index rallied 3.59% to 29,015.85. The index jumped 5.62% in the two consecutive trading sessions. Tata Consultancy Services (up 5.45%), HCL Technologies (up 4.97%), Tech Mahindra (up 3.35%), Infosys (up 3.19%) and Mphasis (up 3.02%), Persistent Systems (up 2.68%), Coforge (up 2.59%), LTM (up 2.2%), Wipro (up 1.72%) and Oracle Financial Services Software (up 0.62%) advanced. Stocks in Spotlight: LTM (formerly LTIMindtree) rose 2.2% after it has reported a 5.86% quarter-on-quarter (QoQ) increase in consolidated net profit to Rs 1,468.6 crore on a 2.80% rise in revenue from operations to Rs 11,608 crore in Q1 FY27 over Q4 FY26. NMDC declined 0.92%. The company reduced the prices of Baila Lump and Baila Fines with effect from 10 July 2026. The state-owned miner cut the price of Baila Lump (65.5%, 10-40 mm) by Rs 250 per tonne to Rs 5,450 per tonne in July'26 from Rs 5,700 per tonne in June'26. It also reduced the price of Baila Fines (64%, -10 mm) by Rs 150 per tonne to Rs 4,700 per tonne from Rs 4,850 per tonne. Fino Payments Banks surged 18.86% after the small finance bank's average total deposits jumped 11% to Rs 2,755 crore in June 2026 compared with Rs 2,477 crore in June 2025. Just Dial hit upper circuit of 20% after the company reported 66.2% jump in net profit to Rs 166.3 crore in Q1 FY27 from Rs 100 crore in Q4 FY26. Operating revenue for the period under review was Rs 327.5 crore, up 9.9% YoY. L&T Finance jumped 1% after the NBFC reported a 28.72% year-on-year (YoY) increase in consolidated net profit to Rs 902.47 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 701.10 crore posted in Q1 FY26. Total revenue from operations jumped 22.38% YoY to Rs 5,212.92 crore in Q1 FY27. Avantel rose 1.94% after the company reported a 67.39% year-on-year increase in consolidated net profit to Rs 5.39 crore in Q1 FY27, compared with Rs 3.22 crore in Q1 FY26. Revenue from operations rose 35.65% year-on-year to Rs 70.42 crore in Q1 FY27. Bajaj Consumer Care declined 1.22%. The company has reported 84.8% rise in consolidated net profit to Rs 70.7 crore on a 28.3% increase in net sales to Rs 341.4 crore in Q1 FY27 as compared with Q1 FY26. Indus Towers rose 0.94%. The company has appointed Abhishek Maheshwari as the chief financial Officer (CFO) and key managerial personnel (KMP) of the company, effective August 19, 2026. Maheshwari is a seasoned finance professional with over 21 years of experience across business partnering, strategic planning, budgeting, financial reporting, investor relations, mergers and acquisitions, taxation, compliance, internal controls, and business modelling. He currently leads the finance function for Airtel's B2B business as CFO. 63 Moons Technologies surged 7.79% after the company's material subsidiary, 63SA TS Cybertech, secured an order book worth Rs 288 crore in the first quarter of FY27, achieving around 82% of its full-year order target of Rs 350 crore. Global Markets: Most European market declined as escalating Middle East tensions weighed on investor sentiment. Most Asian market ended lower on Monday as investors remained cautious amid renewed geopolitical tensions in the Middle East. Investor sentiment nosedived after Iran and the United States exchanged airstrikes over the weekend. Tehran claimed it had targeted U.S. military facilities across multiple Gulf countries and announced the closure of the Strait of Hormuz. However, U.S. President Donald Trump rejected the claim on Sunday, stating that the strategic waterway remained open to commercial shipping. In South Korea, shares of SK Hynix fell 5% after the chipmaker's stock had surged 13% during its Nasdaq debut, prompting investors to book profits. In the United States, shares on Wall Street ended higher on Friday. The Dow Jones Industrial Average gained 0.29% to close at 52,637.01, the S&P 500 rose 0.42% to 7,575.39, and the Nasdaq Composite advanced 0.29% to finish at 26,281.61. Investors are also gearing up for a busy U.S. earnings week, with several major financial institutions, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo, scheduled to report quarterly results. Earnings from Netflix, Johnson & Johnson and UnitedHealth are also expected to be closely watched for clues on corporate performance and the broader economic outlook.Powered by Capital Market - Live

The bank opened 3,13,263 new deposit accounts in June 2026, registering a 31% year-on-year (YoY) increase from 2,39,300 accounts opened in the corresponding month last year. During the month, the bank's digitally active customer base expanded 22% YoY to 64.7 lakh customers, while active FinoPay customers climbed 38% YoY to 8.4 lakh. Loan referral disbursals witnessed robust growth, surging 253% YoY to Rs 240 crore in June 2026 compared with Rs 68 crore in June 2025. Fino Payments Bank, a subsidiary of Fino Paytech, is a technology-led, asset-light digital bank serving emerging India. Backed by marquee investors including ICICI Group, BPCL, Blackstone, LIC, and IFC, Fino operates a high-volume, low-cost model focused on financial inclusion. The bank has received 'In-principle' approval from RBI to convert into a small finance bank on 5th December 2025, making it the first payments bank to achieve this distinction. The bank's standalone net profit declined 70.4% to Rs 7.10 crore on 31.1% fall in total income to Rs 339.98 crore in Q4 FY25 over Q4 FY25. Powered by Capital Market - Live

The bank opened 3,13,263 new deposit accounts in June 2026, registering a 31% year-on-year (YoY) increase from 2,39,300 accounts opened in the corresponding month last year. During the month, the bank's digitally active customer base expanded 22% YoY to 64.7 lakh customers, while active FinoPay customers climbed 38% YoY to 8.4 lakh. Loan referral disbursals witnessed robust growth, surging 253% YoY to Rs 240 crore in June 2026 compared with Rs 68 crore in June 2025. Fino Payments Bank, a subsidiary of Fino Paytech, is a technology-led, asset-light digital bank serving emerging India. Backed by marquee investors including ICICI Group, BPCL, Blackstone, LIC, and IFC, Fino operates a high-volume, low-cost model focused on financial inclusion. The bank has received 'In-principle' approval from RBI to convert into a small finance bank on 5th December 2025, making it the first payments bank to achieve this distinction. The bank's standalone net profit declined 70.4% to Rs 7.10 crore on 31.1% fall in total income to Rs 339.98 crore in Q4 FY25 over Q4 FY25. The counter rose 0.56% to end at Rs 135.45 on the BSE.Powered by Capital Market - Live

The average total deposits figure at the end of May 2026 was Rs 2,762 crore, up 10% YoY. The bank's loan referral disbursals increased to Rs 210 crore, reflecting a growth of nearly 2.9x as compared to May 2025. The bank continues to focus on sourcing secured loan assets for its referral business. In the transaction business, throughput dropped by 48% to Rs 2,546 crore in May 2026 from Rs 4,863 crore in May 2025. The bank stated that the moderation in throughput is primarily attributable to the overall ecosystem shift from cash to UPI and to a focus on higher-quality, more transacting merchants. For the digital payments services segment, the bank has not recorded B2B digital throughput figure in May 2026. The number was Rs 3,527 crore in May 2025. The bank said that it is reassessing key product features alongside a broader strategic risk recalibration of this segment. The bank further said that it has entered into a strategic partnership with Ezee.ai to build a lending ecosystem. Apart from technology, the bank is also strengthening its merchant network coupled with augmenting technology and resources on a steady basis. Fino Payments Bank, a subsidiary of Fino Paytech, is a technology-led, asset-light digital bank serving emerging India. Backed by marquee investors including ICICI Group, BPCL, Blackstone, LIC, and IFC, Fino operates a high-volume, low-cost model focused on financial inclusion. The bank has received 'In-principle' approval from RBI to convert into a small finance bank on 5th December 2025, making it the first payments bank to achieve this distinction.Powered by Capital Market - Live

Net profit of Fino Payments Bank declined 70.42% to Rs 7.10 crore in the quarter ended March 2026 as against Rs 24.00 crore during the previous quarter ended March 2025. Total Operating Income rose 21.45% to Rs 64.10 crore in the quarter ended March 2026 as against Rs 52.78 crore during the previous quarter ended March 2025. For the full year,net profit declined 43.30% to Rs 52.46 crore in the year ended March 2026 as against Rs 92.53 crore during the previous year ended March 2025. Total Operating Income rose 27.12% to Rs 248.18 crore in the year ended March 2026 as against Rs 195.23 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Total Operating Income64.1052.78 21 248.18195.23 27 OPM %-376.93-729.48 --464.85-739.10 - PBDT5.3929.70 -82 71.80108.35 -34 PBT5.3929.70 -82 71.80108.35 -34 NP7.1024.00 -70 52.4692.53 -43 Powered by Capital Market - Live

Fino Payments Bank will hold a meeting of the Board of Directors of the Company on 29 April 2026.

Fino Payments Bank has successfully migrated its Core Banking System (CBS) to Finacle, marking a major milestone in its digital transformation journey. The migration establishes a scalable, modular, and future-ready technology platform to support the Bank's next phase of growth, including its transition to a Small Finance Bank (SFB). The migration was carried out through a carefully phased approach, with a temporary moderation in business volumes during Q4 FY26 to prioritise system stability and data integrity. Despite the scale and complexity involved, the transition was completed within the anticipated timeline, underscoring strong execution and operational discipline. Commenting on the development, Ketan Merchant, Interim CEO, said: 'This migration represents a strategic investment of over ~₹200 crore in building a robust digital foundation for the future. The new modular architecture allows efficient growth across liabilities, lending, and payments. It also significantly accelerates product launches, strengthening our readiness for the SFB journey.'