Fino Payments Bank Ltd reported a 70.4% year-on-year decline in fourth-quarter net profit at ₹7.1 crore, compared with ₹24 crore in the same period last year. Despite the profit decline, the bank demonstrated strong operational performance with net interest income (NII) rising 31.5% to ₹35.2 crore in the March quarter, up from ₹26.8 crore in the corresponding period last year. The bank achieved its highest quarterly net revenue margin of 40% in Q4 FY26, supported by a rise in CASA contribution to 45%.
The bank reported record CASA renewal income of ₹62.2 crore in Q4FY26, up 12% year-on-year, while average deposits rose 20% YoY in the quarter to ₹2,535 crore. According to reports from CNBC TV18, the bank achieved its highest total deposit balance of ₹2,957 crore on March 14, 2026. The customer base stood at 1.75 crore, with around 6.9 lakh accounts added during Q4FY26, including approximately 3.2 lakh in March 2026. Total revenue for FY26 stood at ₹1,587.9 crore, reflecting a 14% year-on-year decline, while net revenue remained stable at ₹584.4 crore.
Total throughput for Q4FY26 declined 17% year-on-year to ₹1,07,798 crore, while digital throughput fell 13% to ₹65,269 crore. For FY26, total throughput remained flat at ₹4,64,047 crore, while digital throughput rose 16% to ₹2,62,009 crore. Referral lending showed strong growth, with disbursements of ₹1,285 crore in FY26. Q4FY26 referral loan disbursements rose 97% sequentially to ₹592 crore through partner institutions, driven by rural demand and activity through the merchant network.
Ketan Merchant, Interim CEO, attributed the performance resilience to the bank's institutional architecture and customer confidence. As reported by CNBC TV18, Merchant stated that the total deposits reaching an all-time high of ₹2,957 crore in March 2026 demonstrates customer trust even in challenging times. The bank completed CBS migration in Q4FY26, marking a system transition aimed at supporting future growth. Shares of FINO Payments Bank Ltd ended at ₹134.70, up by ₹0.70, or 0.52%, on the BSE on April 29.
