Fino Payments Bank Limited
Financial Inclusion Network Operations (“FINO”) is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. It offers such products and services to the target market via a Pan-India distribution network.
What Fino files
- Investor Meet113
- Others78
- Updates29
- Board Meeting15
- Important13
- PPTs7
Fino Payments Bank posted mixed operational metrics with average total deposits up 12% to ₹2,821 Cr and loan referral disbursals surging 367% to ₹243 Cr. CMS throughput grew 17%, while deposit accounts opened and transaction throughput witnessed YoY declines.
Fino Payments Bank reports revenue dip from digital payments recalibration, but net revenue margin hit 42.8%. CASA grew 22% to 1.83 Cr customers, adding 0.84 Cr new accounts. Loan referrals surged 214% to ₹ 628 Cr, driving SFB transition progress.
Fino Payments Bank reports strong growth in Loan Referral Disbursals (up 304% to ₹241 Cr), active digital customers (up 21-34%) and deposits (up 12%). However, Transaction Throughput fell 25% and B2B UPI P2M throughput dropped 100%. Small Finance Bank transition is progressing.
Fino Payments Bank reported robust liability growth with 3.1 lakh new accounts (+31% YoY) and average deposits up 11% to ₹2,755 Cr. FinoPay active users surged 38%. Loan referrals for SFB transition soared 253% to ₹240 Cr, despite a 35% fall in transaction throughput.
Fino Payments Bank Limited has informed the Exchange about Business Updates