Fino Payments Bank Ltd

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.'

The bank's deposits reached an all-time high of Rs 2,950-plus crore in March 2026. Quarterly renewal income stood at Rs 62.2 crore, which is the highest ever for the bank. Loan referral disbursements were Rs 540'600 crore in Q4 FY26, indicating 96% growth over Q3 FY26 and 90% of the cumulative disbursements of the first three quarters combined. The company's transaction business comprising remittance, micro ATM and AePS declined 30% QoQ due to muted activity in January and February, with recovery observed in March 2026. The digital payment services declined ~25% QoQ in line with a calibrated approach toward merchant quality and risk management, with stabilization trends visible over the coming quarters. 'While select segments reflect ongoing industry transitions, the bank remains focused on strengthening core liabilities, improving the quality of business, and building scalable growth drivers aligned with its strategic roadmap. The bank will continue to progress on its SFB implementation journey, building a strong liability-first and prudent secured lending franchise with differentiated distribution strategy,' Fino Payments Bank said in a statement. 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 net profit had declined 46.99% to Rs 12.25 crore on a 14.51% fall in total income from operations income to Rs 394.41 crore in Q3 FY26 over Q3 FY25.

The bank stated that it is witnessing strong momentum in its referral lending business through own merchant channel. As of March 20, 2026, Q4 FY26 referral loan disbursements have already reached Rs 540 crore and are expected to close at Rs 630 crore, which would be nearly 90% of the cumulative disbursements of the first three quarters of Rs 700 crore. The payments bank said that this growth was driven by increasing rural credit demand and scaling partnerships with NBFCs, leveraging the bank's merchant-led distribution model. The current portfolio is focused on secured lending products, including home loans, gold loans, loan against property, and merchant business loans. This initiative forms part of the bank's strategic transition toward becoming a 'small finance bank', with a focus on building credit distribution capabilities while maintaining an asset-light model. The bank continues to use its merchant network to originate loans, while partner NBFCs underwrite and carry the credit risk. 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 net profit had declined 46.99% to Rs 12.25 crore on a 14.51% fall in total income from operations income to Rs 394.41 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

Fino Payments Bank is witnessing strong momentum in its referral lending business through own merchant channel. As of 20 March 2026, Q4 FY26 referral loan disbursements have already reached ~ Rs 540 crores and are expected to close at 90% levels comparable to the first three quarters combined (~ Rs 700 crores). Overall, the Bank is on track to record close to Rs 1,300 crore in referral loan disbursements for FY26. This sharp acceleration reflects growing traction in rural credit demand, supported by the Bank's extensive merchant network and deepening partnerships with NBFCs. Fino Payments Bank has been actively building its credit distribution capabilities as part of its long-term strategy towards becoming a Small Finance Bank (SFB). The Bank has partnered with leading Non-Banking Financial Companies (NBFCs) to act as a sourcing partner, particularly in underserved rural markets. The current pilot portfolio primarily includes secured lending products such as Home Loans, Gold Loans, and Loan Against Property, along with business loan offerings for merchants.Powered by Capital Market - Live

Innovision Ltd, Shyam Telecom Ltd, Suvidhaa Infoserve Ltd and Kriti Industries (India) Ltd are among the other losers in the BSE's 'B' group today, 24 March 2026.Fino Payments Bank Ltd tumbled 17.99% to Rs 114.4 at 14:29 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.69 lakh shares were traded on the counter so far as against the average daily volumes of 51990 shares in the past one month.Innovision Ltd crashed 10.46% to Rs 333.8. The stock was the second biggest loser in 'B' group.On the BSE, 1.44 lakh shares were traded on the counter so far as against the average daily volumes of 4.3 lakh shares in the past one month.Shyam Telecom Ltd lost 9.19% to Rs 8.1. The stock was the third biggest loser in 'B' group.On the BSE, 4501 shares were traded on the counter so far as against the average daily volumes of 3213 shares in the past one month.Suvidhaa Infoserve Ltd fell 9.13% to Rs 2.39. The stock was the fourth biggest loser in 'B' group.On the BSE, 63140 shares were traded on the counter so far as against the average daily volumes of 22659 shares in the past one month.Kriti Industries (India) Ltd corrected 8.48% to Rs 55.04. The stock was the fifth biggest loser in 'B' group.On the BSE, 8124 shares were traded on the counter so far as against the average daily volumes of 2958 shares in the past one month.Powered by Capital Market - Live

Net profit of Fino Payments Bank declined 46.99% to Rs 12.25 crore in the quarter ended December 2025 as against Rs 23.11 crore during the previous quarter ended December 2024. Total Operating Income rose 27.58% to Rs 62.96 crore in the quarter ended December 2025 as against Rs 49.35 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Total Operating Income62.9649.35 28 OPM %-447.09-725.21 - PBDT20.5528.45 -28 PBT20.5528.45 -28 NP12.2523.11 -47 Powered by Capital Market - Live

Fino Payments Bank will hold a meeting of the Board of Directors of the Company on 29 January 2026.Powered by Capital Market - Live

Fino Payments Bank announced the implementation of a new next-generation core banking system, as part of its ongoing digital transformation programme. The new core banking system will serve as the Bank's digital backbone, enabling enhanced operational efficiency, greater system resilience and improved scalability. The platform will support the introduction of new and innovative product features, faster time-to-market and improved service delivery across all customer touchpoints. This strategic initiative will also enable the Bank to maintain a robust risk management and regulatory compliance. The Bank intimated that the migration activity of the core banking system to a new platform viz. 'Finacle' is planned from 08 January 2026 (10:00 PM) to 10 January 2026 (11:59 PM). During this period, all the banking services shall not be available. Powered by Capital Market - Live

Net profit of Fino Payments Bank declined 27.42% to Rs 15.35 crore in the quarter ended September 2025 as against Rs 21.15 crore during the previous quarter ended September 2024. Total Operating Income rose 25.88% to Rs 60.11 crore in the quarter ended September 2025 as against Rs 47.75 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Total Operating Income60.1147.75 26 OPM %-484.28-746.97 - PBDT21.2225.93 -18 PBT21.2225.93 -18 NP15.3521.15 -27 Powered by Capital Market - Live