Fino Payments Bank Limited has reported strong business performance for Q4FY26, demonstrating significant growth in key operational metrics despite mixed results across different business segments. The bank disclosed these provisional unaudited numbers in a regulatory filing dated April 06, 2026, ahead of its official financial results announcement.

Record-Breaking Deposit Growth and Customer Acquisition

The bank achieved several milestones during Q4FY26, with deposits reaching an all-time high of ₹2,950+ crore in March 2026. Customer acquisition remained robust, with approximately 7 lakh new bank accounts opened during the quarter, compared to 3.13 lakh in March 2026. This growth expanded the bank's total customer base to around 1.75 crore accounts.

The bank also recorded its highest-ever quarterly renewal income of ₹62.2 crore, reflecting strong customer engagement and service utilization across its platform.

Exceptional Growth in Loan Referral Business

The loan referral segment demonstrated exceptional performance with 96% growth over Q3FY26. Disbursements reached approximately ₹600 crore through partner institutions, highlighting the growing credit potential within the bank's ecosystem. This strong momentum positions the bank favorably for its Small Finance Bank (SFB) transformation journey.

Mixed Performance in Transaction and Digital Services

While core banking metrics showed strength, certain business segments faced challenges during the quarter. The transaction business, encompassing remittance, Micro ATM, and Aadhaar Enabled Payment System (AePS) services, declined approximately 30% versus Q3FY26. This decline was attributed to muted performance during January and February 2026, though the bank witnessed recovery in March 2026.

Digital payment services experienced moderation of approximately 25% versus Q3FY26, which the bank attributed to its continuous risk-calibrated approach and impact from recent market developments. The bank emphasized its focus on building a high-quality, active, and risk-mitigated merchant base, with stabilization initiatives underway and recovery expected over the coming quarters.

Strategic Focus and Future Outlook

Despite challenges in select segments reflecting ongoing industry transitions, Fino Payments Bank remains focused on strengthening core liabilities, improving business quality, and building scalable growth drivers aligned with its strategic roadmap. The bank continues to progress on its SFB implementation journey, building a strong liability-first and prudent secured lending franchise with a differentiated distribution strategy.

The disclosed information is based on provisional unaudited numbers and remains subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors of the bank.

Fino Payments Bank Limited has announced a significant leadership appointment with the selection of Mr. Abhilash Ankathil as Chief Compliance Officer, effective April 06, 2026. The appointment represents a strategic move to strengthen the bank's compliance framework under regulatory guidelines.

Board Approval and Regulatory Compliance

The Board of Directors of Fino Payments Bank Limited approved the appointment through a Circular Resolution passed on April 06, 2026, following the recommendation of the Nomination and Remuneration Committee. The appointment complies with RBI Circular No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 on Compliance functions in Banks and Role of Chief Compliance Officer dated September 11, 2020.

Professional Background and Expertise

Mr. Abhilash Ankathil brings extensive experience to his new role, with over 25 years of expertise in banking and non-banking ecosystems. His professional background includes significant experience in payment system regulation, legislative drafting, and enforcement actions.

Career Highlights

• Deputy Legal Adviser at RBI (2000-2025): Led legal teams, advised operational units, and contributed to shaping regulatory frameworks
• Self-employed Lawyer (April 2025-present): Practiced independently before joining Fino Payments Bank
• Early Career: Practiced litigation independently in Calicut, Kerala

Key Areas of Expertise

Mr. Ankathil's professional expertise spans multiple critical areas relevant to his new role:

• Legal advisory functions and policy formulation for licensing, supervision, and enforcement at financial institutions
• Design and implementation of RBI's enforcement framework
• Interpretation of statutes and supervision of litigation, including Supreme Court cases
• International engagement with institutions such as the World Bank and IMF for assessments of India's financial legal framework

Strategic Importance

The appointment of Mr. Ankathil as Chief Compliance Officer underscores Fino Payments Bank's commitment to maintaining robust compliance standards. His extensive regulatory experience, particularly his 25-year tenure with RBI, positions him well to navigate the complex compliance landscape in the banking sector.

The bank has disclosed this appointment in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparency and regulatory compliance.