Fino Payments Bank Ltd Share Price – NSE  / BSE

Banks, Small Cap

The average total deposits figure at the end of May 2026 was Rs 2,762 crore, up 10% YoY.

The bank?s loan referral disbursals increased to Rs 210 crore, reflecting a growth of nearly 2.9x as compared to May 2025. The bank continues to focus on sourcing secured loan assets for its referral business.

In the transaction business, throughput dropped by 48% to Rs 2,546 crore in May 2026 from Rs 4,863 crore in May 2025. The bank stated that the moderation in throughput is primarily attributable to the overall ecosystem shift from cash to UPI and to a focus on higher-quality, more transacting merchants.

For the digital payments services segment, the bank has not recorded B2B digital throughput figure in May 2026. The number was Rs 3,527 crore in May 2025. The bank said that it is reassessing key product features alongside a broader strategic risk recalibration of this segment.

The bank further said that it has entered into a strategic partnership with Ezee.ai to build a lending ecosystem. Apart from technology, the bank is also strengthening its merchant network coupled with augmenting technology and resources on a steady basis.

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.

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Net profit of Fino Payments Bank declined 70.42% to Rs 7.10 crore in the quarter ended March 2026 as against Rs 24.00 crore during the previous quarter ended March 2025. Total Operating Income rose 21.45% to Rs 64.10 crore in the quarter ended March 2026 as against Rs 52.78 crore during the previous quarter ended March 2025.

For the full year,net profit declined 43.30% to Rs 52.46 crore in the year ended March 2026 as against Rs 92.53 crore during the previous year ended March 2025. Total Operating Income rose 27.12% to Rs 248.18 crore in the year ended March 2026 as against Rs 195.23 crore during the previous year ended March 2025.

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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.?