Fino Payments Bank Ltd Share Price – NSE  / BSE

Banks, Small Cap

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.?

The bank?s deposits reached an all-time high of Rs 2,950-plus crore in March 2026. Quarterly renewal income stood at Rs 62.2 crore, which is the highest ever for the bank.

Loan referral disbursements were Rs 540?600 crore in Q4 FY26, indicating 96% growth over Q3 FY26 and 90% of the cumulative disbursements of the first three quarters combined.

The company?s transaction business comprising remittance, micro ATM and AePS declined 30% QoQ due to muted activity in January and February, with recovery observed in March 2026.

The digital payment services declined ~25% QoQ in line with a calibrated approach toward merchant quality and risk management, with stabilization trends visible over the coming quarters.

?While select segments reflect ongoing industry transitions, the bank remains focused on strengthening core liabilities, improving the quality of business, and building scalable growth drivers aligned with its strategic roadmap.

The bank will continue to progress on its SFB implementation journey, building a strong liability-first and prudent secured lending franchise with differentiated distribution strategy,? Fino Payments Bank said in a statement.

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.

The bank's net profit had declined 46.99% to Rs 12.25 crore on a 14.51% fall in total income from operations income to Rs 394.41 crore in Q3 FY26 over Q3 FY25.

The bank stated that it is witnessing strong momentum in its referral lending business through own merchant channel.

As of March 20, 2026, Q4 FY26 referral loan disbursements have already reached Rs 540 crore and are expected to close at Rs 630 crore, which would be nearly 90% of the cumulative disbursements of the first three quarters of Rs 700 crore.

The payments bank said that this growth was driven by increasing rural credit demand and scaling partnerships with NBFCs, leveraging the bank?s merchant-led distribution model.

The current portfolio is focused on secured lending products, including home loans, gold loans, loan against property, and merchant business loans.

This initiative forms part of the bank?s strategic transition toward becoming a ?small finance bank?, with a focus on building credit distribution capabilities while maintaining an asset-light model.

The bank continues to use its merchant network to originate loans, while partner NBFCs underwrite and carry the credit risk.

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.

The bank's net profit had declined 46.99% to Rs 12.25 crore on a 14.51% fall in total income from operations income to Rs 394.41 crore in Q3 FY26 over Q3 FY25.

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