Fino Payments Bank Ltd announced on Tuesday, January 6, that all banking services will remain unavailable from 10 pm on January 8 to 11.59 pm on January 10, 2026, due to planned migration of its Core Banking System to a new platform. According to the company's exchange filing, the nearly two-day suspension is necessary as the lender migrates its core banking system to the Finacle platform. The bank has advised users to plan their transactions in advance to avoid inconvenience during the downtime period.
The migration forms part of Fino Payments Bank's ongoing digital transformation programme, under which it is implementing a new core banking system to strengthen its technology infrastructure, as stated in the exchange filing. According to the bank, the Finacle platform will act as its digital backbone, enabling improved operational efficiency, enhanced system resilience and greater scalability. The upgrade is also expected to support faster rollout of new products, better service delivery across customer touchpoints, and stronger risk management and regulatory compliance.
Shares of Fino Payments Bank Ltd ended lower on Tuesday, January 6, declining by 1.74% to ₹251.20 on the NSE. The stock movement followed the announcement of the planned service suspension for the core banking system migration.