Fino Payments Bank deposits up 12%, loan disbursals jump 367% in August
- Average total deposits grew 12% YoY to ₹2,821 crore in August 2026
- Loan referral disbursals jumped 367% to ₹243 crore from ₹52 crore
- Digitally active customers rose 15% to 65.6 lakh despite fewer new accounts
- CMS throughput increased 17% to ₹6,669 crore while general transaction volume fell 19%
- Results support the bank's proposed transition to a Small Finance Bank
*this image is generated using AI for illustrative purposes only.
Fino Payments Bank reported a 12% year-on-year increase in average total deposits to ₹2,821 crore in August 2026, alongside a sharp acceleration in loan referral activity. The monthly update highlights strengthening balance sheet metrics ahead of the bank’s proposed transition to a Small Finance Bank.
The lender disclosed its business performance for August 2026 in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Regulation 8 of the SEBI Prohibition of Insider Trading Regulations, 2015. The figures are provisional and unaudited.
Business Performance Highlights
Deposit accounts saw mixed trends in customer acquisition versus balance retention. While new accounts opened fell 22% to 2,43,216 from 3,13,518 in August 2025, digitally active customers rose 15% to 65.6 lakh. Renewal income declined slightly by 4% to ₹22.8 crore.
| Metric | Unit | August 2026 | August 22025 | YoY Change |
|---|---|---|---|---|
| Accounts Opened | Nos. | 2,43,216 | 3,13,518 | (22%) |
| Renewal Income | ₹ Cr | 22.8 | 23.8 | (4%) |
| Average Total Deposits | ₹ Cr | 2,821 | 2,509 | 12% |
| Digitally Active Customers | Lakh | 65.6 | 57.2 | 15% |
| FinoPay Active Customers | Lakh | 8.1 | 7.2 | 13% |
Transaction throughput contracted 19% to ₹3,770 crore from ₹4,660 crore year earlier. However, Correspondent Banking Services (CMS) throughput expanded 17% to ₹6,669 crore. B2B UPI P2M throughput was not reported for August 2026, compared to ₹1,779 crore in August 2025.
Loan Referral Surge
Loan referral disbursals surged 367% to ₹243 crore in August 2026, up from ₹52 crore in the same month last year. This significant jump in lending activity reinforces the bank’s preparedness for its regulatory transition.
What the Numbers Show
The divergence between declining new account openings (-22%) and rising average total deposits (+12%) suggests that existing customers are increasing their deposit balances rather than new customer acquisition driving growth. Additionally, the collapse in B2B UPI P2M throughput contrasts with the strong growth in CMS throughput, indicating a shift in transaction volume sources or potential discontinuation of specific B2B payment lines.
Historical Stock Returns for Fino Payments Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.68% | -0.38% | -9.69% | -19.75% | -47.26% | 0.0% |
How will the proposed transition to a Small Finance Bank impact Fino Payments Bank's capital adequacy requirements and lending capacity?
What strategic initiatives is the bank planning to reverse the 22% decline in new account openings while maintaining deposit growth?
Will the discontinuation or significant drop in B2B UPI P2M throughput signal a permanent pivot away from corporate payment solutions?
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