According to the latest regulatory filing to NSE, Fino Payments Bank reported steady growth in April 2026 with total deposits increasing 13% year-on-year to ₹2,801 crore. The bank's new account openings rose 9% to 2.36 lakh in April, with the bank opening 2,36,437 CASA accounts specifically, while renewal income, a proxy for customer retention, also grew 9% to ₹19.3 crore. The bank added that CASA now accounts for a growing share of its revenue base, which it expects will support meaningfully better margins in FY27 compared to FY26. Additionally, the bank's digital engagement continued to improve significantly, with digitally active customers increasing by 19% to approximately 62.1 lakh, and FinoPay mobile application users growing by 28% year-on-year to approximately 7.7 lakh.
As reported in the latest filing, the bank's loan referral business continued to gain exceptional traction during April 2026, with disbursals reaching approximately ₹166 crore, marking a 204% year-on-year growth compared to the same period last year. This represents a significant acceleration from the previously reported 300% growth rate, indicating the bank's continued momentum in building key guardrails for its differentiated Small Finance Bank (SFB) model. The bank's focus on consistent customer acquisition, deeper digital engagement, and sustained deposit mobilization will continue to shape how it deploys its network and allocates priorities.
According to the latest filing, transaction business throughput, which includes remittance, micro-ATM, and AePS, fell 47% year-on-year to ₹2,649 crore. The bank attributed the decline to the broader ecosystem shift from cash to UPI and its strategic pivot toward higher-quality merchants. Additionally, B2B UPI person-to-merchant throughput dropped sharply by 96% to ₹101 crore, as the bank said it is deliberately slowing down this segment to rebuild it on a more risk-calibrated and sustainable basis. The bank prioritised throughput composition over volume to build a more sustainable and risk-calibrated foundation.
As reported in the latest filing, the bank's profit after tax (PAT) dropped sharply by 70% year-on-year to ₹7.1 crore in Q4. The bank's shares have been struggling to gain traction on the exchanges, remaining under pressure since September 2024. The stock closed in the red for four straight months between December 2025 and March 2026, losing a cumulative 63%, which dragged it 71% below its September 2024 peak of ₹467.
