Fino Payments Bank Starts FY27 with Strong Liability Growth and 3x Surge in Loan Referrals

Fino Payments Bank Limited has released its business performance update for April 2026, highlighting a strategic pivot toward high-quality customer ownership and a massive acceleration in its credit referral vertical. While traditional transaction volumes saw a planned moderation, the Bank's core "CASA" (Current Account Savings Account) engine and digital engagement metrics showed robust year-on-year growth.

Strengthening the Liability Franchise

The Bank continues to prioritize customer acquisition and deposit mobilization as it prepares for its transition toward a Small Finance Bank (SFB) model.

CASA Growth: The Bank opened 2,36,437 new accounts in April, a 9% increase over April 2025.

Deposit Base: Average total deposits grew by 13% YoY, reaching ₹2,801 crore.

Renewal Income: Subscription-based renewal income rose by 9% to ₹19.3 crore, providing a steady stream of recurring revenue.

Digital Leap and Engagement

Fino's digital strategy is yielding significant results, with a marked increase in users opting for mobile-first banking.

Digitally Active Customers: Increased by 19% to reach 62.1 lakh.

FinoPay App: The Bank's flagship mobile application saw a 28% surge in active users, now totaling 7.7 lakh, indicating deeper engagement with the Bank's own digital ecosystem.

Hyper-Growth in Loan Referrals

A standout performer for the month was the Loan Referral Business, which saw disbursals jump to ₹166 crore. This represents a staggering 204% growth compared to the ₹55 crore disbursed in April 2025. This segment is a critical pillar of the Bank's "SFB implementation journey," helping build the necessary credit guardrails and data for future lending operations.

Strategic Recalibration in Payments

The Bank reported a moderation in its traditional transaction business (Micro ATM, AePS, and Remittance) and B2B UPI throughput. Management attributed this to two primary factors:

Ecosystem Shift: A broader market transition from cash-based transactions to UPI.

Quality over Volume: A conscious strategic shift to prioritize high-margin, sustainable throughput over sheer volume. This risk-calibrated approach is designed to build a more durable foundation for long-term growth.

Future Outlook: The SFB Path

Fino Payments Bank enters the new fiscal year with a focus on improving margins through a better product mix. By shifting toward a liability-led franchise where CASA accounts for a larger share of revenue, the Bank expects to capture significantly better margins than in FY26.

The Bank remains committed to its technology-led distribution network and disciplined risk management as it scales its differentiated banking model.

Shares of Fino Payments Bank Limited was last trading in BSE at Rs. 132.35 as compared to the previous close of Rs. 136.45. The total number of shares traded during the day was 15085 in over 317 trades.

The stock hit an intraday high of Rs. 136.90 and intraday low of 131.75. The net turnover during the day was Rs. 2009066.00.

Source : Equity Bulls

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FinoPaymentsBank BusinessUpdate April2026