Submission of Press Release, inter alia, on the Audited Financial Results for the Financial Year ended March 31, 2026 and Un-audited Financial Results for the fourth quarter ended March 31, 2026.
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Fino Payments Bank reported FY26 revenue of ₹1,587.9 crore, down 14% YoY, though net revenue remained stable at ₹584.4 crore. The bank achieved its highest-ever quarterly net-revenue margin of 40% in Q4'26, with CASA segment contributing 45% of net revenue. Customer deposits hit a record ₹2,957 crore in March 2026, up significantly, and the bank added 6.9 lakh accounts in Q4'26 to reach 1.75 crore total customers. The referral lending business surged with ₹1,285 crore in disbursements for FY26, including ₹592 crore in Q4'26 (97% growth over Q3'26). The bank also completed its CBS migration and received RBI in-principle approval to convert into a Small Finance Bank in December 2025. The filing also notes an ongoing legal matter involving former CEO Rishi Gupta, which the bank states is unrelated to its own GST compliance.
Despite a revenue decline, strong margin performance, record deposits, and rapid growth in referral lending signal improving business quality and customer trust. The pending SFB conversion approval could be a major catalyst for the bank's future growth.