Fino Payments Bank reported a 10% year-on-year increase in average total deposits to ₹2,762 crore for May 2026, while new customer acquisitions grew 29% to 2.94 lakh accounts. The bank's loan referral business surged 186% to ₹210 crore, driven by a strategic focus on sourcing secured loan assets as it progresses toward its transition to a Small Finance Bank (SFB). The transaction business throughput moderated to ₹2,546 crore, attributed to an ecosystem shift from cash to UPI and a focus on higher-quality merchants.

Robust Deposit Franchise

The bank sustained momentum in its liability business during May 2026. Average total deposits rose to ₹2,762 crore, up from ₹2,509 crore in the corresponding period last year. Digital engagement improved significantly, with digitally active customers increasing 19% year-on-year to 62.6 lakh. FinoPay active customers also grew 22% to 7.2 lakh. Renewal income remained stable at ₹18.9 crore compared to ₹18.7 crore in May 2025.

Loan Referral Business

Loan referral disbursements reached ₹210 crore in May 2026, a substantial increase from ₹73 crore in May 2025. The bank continues to prioritize sourcing secured loan assets for its referral business, reinforcing its long-term vision for a differentiated SFB.

Transaction and Digital Payments

Transaction throughput, comprising remittance, Micro ATM, and AePS, stood at ₹2,546 crore, a decline from ₹4,863 crore in the previous year. The bank noted that this moderation is primarily due to a broader shift toward UPI and a strategic focus on merchant quality. In the digital payments segment, B2B digital throughput was nil compared to ₹3,527 crore in the prior year, as the bank reassesses product features and recalibrates strategic risk.

SFB Implementation Progress

Fino Payments Bank has entered into a strategic partnership with Ezee.ai to build a lending ecosystem, marking a significant step in its SFB transition. This initiative is supported by a Finacle-based core banking and lending management system. The bank is simultaneously strengthening its merchant network and augmenting technology and resources to support this transition.

Business Performance Summary

The bank stated that its SFB implementation journey remains on track, supported by complementary technology, infrastructure, and resource augmentation. The figures reported are provisional and unaudited.

Fino Payments Bank Limited will engage with analysts and institutional investors on June 11, 2026, to discuss business performance and strategy. The meeting, scheduled under Regulation 30 of the SEBI Listing Regulations, aims to provide updates based solely on information already available in the public domain. No unpublished price sensitive information will be shared during the interaction.

The session is organized as a one-on-one meeting with Fortuna Asset Managers LLP. It is set to take place at the registered office of the bank between 11:00 AM and 12:00 Noon IST. The bank noted that the schedule remains subject to change due to potential exigencies involving the analysts, investors, or the bank itself.

Meeting Details

The following table outlines the specific logistics for the investor interaction:

The disclosure regarding this meeting was submitted to BSE Limited and the National Stock Exchange of India Limited. Basavraj Shivanand Loni, the Company Secretary & Compliance Officer for Fino Payments Bank , signed the filing on June 08, 2026. Further details regarding the disclosure are available on the bank's official website.