Fino Payments Bank Limited has informed the Exchange about Update on Referral Lending Business Performance
FINOPB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fino Payments Bank reported a strong surge in its referral lending business, with Q4 FY26 disbursements already reaching ~₹540 crore as of March 20, 2026, expected to close at 90% of the combined first three quarters (~₹700 crore). Full-year FY26 referral loan disbursements are on track to hit ~₹1,300 crore, driven by rising rural credit demand and the bank's partnership with NBFCs. The portfolio mainly includes secured products like home loans, gold loans, and loans against property, distributed through the bank's 20 lakh+ merchant network. Management highlighted the momentum as a key step towards its planned conversion into a Small Finance Bank, for which it received RBI in-principle approval in December 2025.
Positive signal for shareholders — strong growth in referral disbursements and the highest-ever deposit balance suggest healthy fundamentals, while the SFB conversion roadmap could unlock a larger credit business over time.