Fino Payments Bank
119.80
-4.71(-3.78%)
Market Cap₹996.96 Cr
PE Ratio14.95
IndustryBanks
Company Performance:
1D-3.78%
1M-37.67%
6M-56.47%
1Y-49.40%
5Y-77.97%
View Company Insightsright
More news about Fino Payments Bank
27Mar 26
Fino Payments Bank MD & CEO Rishi Gupta Granted Bail by Special Court
Fino Payments Bank officially disclosed that its MD & CEO Rishi Gupta was granted bail by the Special Judge for Economic Offences on March 26, following earlier legal proceedings. The bank filed regulatory disclosure under SEBI Listing Regulations, emphasizing that the ongoing investigation involves program managers across multiple banks and is unrelated to GST compliance matters. Despite the legal situation, the bank continues to demonstrate strong business performance with sustained deposit growth, expanding referral assets, and stable operations while maintaining its commitment to governance and regulatory compliance.
 no imag found
26Mar 26
Fino Payments Bank schedules analyst meeting for March 27, 2026
Fino Payments Bank Limited has scheduled an analyst and investor meeting for March 27, 2026, with One-Up Financial Consultants Private Limited in Mumbai from 3:30 PM to 4:30 PM IST. The meeting, disclosed under SEBI Listing Regulations, will be conducted in person at BKC, Mumbai, with only publicly available information to be shared and no unpublished price sensitive data discussed.
 no imag found
25Mar 26
Fino Payments Bank schedules one-to-one analyst meeting for March 26, 2026
Fino Payments Bank Limited has scheduled a one-to-one analyst meeting with Manu Dev on March 26, 2026, from 10:00 AM to 11:00 AM IST at Santacruz, Mumbai. The in-person meeting has been disclosed under SEBI Listing Regulations, with the bank confirming that only publicly available information will be discussed and no unpublished price sensitive information will be shared during the interaction.
 no imag found
25Mar 26
Fino Payments Bank Reports Strong Q4 FY26 Referral Loan Disbursement Surge
Fino Payments Bank reported strong Q4 FY26 referral lending performance with disbursements reaching ₹540 crore by March 20, 2026, and expecting to close at ₹630 crore (90% of 9M FY26 levels of ₹700 crore). The bank is on track to achieve ₹1,300 crore in total FY26 referral loan disbursements, driven by robust rural credit demand through its 20 lakh merchant network and NBFC partnerships focusing on secured lending products.
 no imag found
24Mar 26
Fino Payments Bank Limited analyst/investor meeting scheduled for March 24, 2026
Fino Payments Bank has scheduled an analyst and investor meeting for March 24, 2026, with Patni Financial Advisors Private Limited at Nariman Point, Mumbai from 3:00 PM to 4:00 PM IST. The meeting disclosure complies with SEBI Regulation 30 requirements, with Company Secretary Basavraj Shivanand Loni confirming that only publicly available information will be shared during the interaction.
 no imag found
19Mar 26
Fino Payments Bank Limited scheduled analyst/investor meeting on March 20, 2026 under Regulation 30
Fino Payments Bank Limited has scheduled an investor meeting with Envision Capital Services Private Limited on March 20, 2026 from 1:30 PM to 2:30 PM at BKC Mumbai. The meeting disclosure complies with SEBI Listing Regulations and ensures only public domain information will be shared.
 no imag found
17Mar 26
RBI Approves Fino Payments Bank's Transition to Small Finance Bank by December 2025
RBI has approved Fino Payments Bank's transition to Small Finance Bank status, with completion targeted for December 2025. Government sources confirm no systemic problems exist at the bank, providing stability assurance. However, regulatory authorities may seek CEO Rishi Gupta's removal if investigations yield adverse findings, with the Indian Banks' Association expressing concerns to the Finance Ministry about the arrest.
 no imag found
16Mar 26
Fino Payments Bank Refutes Media Claims on ED/PMLA Probe, Gaming Links
Fino Payments Bank has issued clarifications denying media reports about ED/PMLA probe expansion and gaming links, confirming only DGGI investigation ongoing related to program managers and merchants. The bank emphasizes its regulatory compliance and transparency while cooperating with authorities.
 no imag found
16Mar 26
Fino Payments Bank Hits Record ₹2,900 Crore Deposits with 1.5 Lakh New Accounts
Fino Payments Bank has reached a significant milestone with record total deposits of ₹2,900 crore, representing nearly 9% growth over two weeks. The bank simultaneously added 1.5 lakh new accounts, averaging 10,000 daily openings, showcasing strong customer acquisition and trust in its technology-enabled banking platform serving underserved communities.
 no imag found
12Mar 26
Fino Payments Bank Plans Karnataka High Court Appeal After Lien Removal Rejected
Fino Payments Bank faces a setback as Bengaluru court rejected its application to remove ₹11.92 crore CID lien related to Karnataka Government investigation. The bank plans to challenge the March 2026 order through Karnataka High Court appeal, emphasizing its non-involvement in the case.
 no imag found
10Mar 26
ICRA Places Fino Payments Bank's Credit Rating on Watch Following MD's Arrest
ICRA Limited has placed Fino Payments Bank's credit rating on Watch with Developing Implications following the arrest of MD & CEO Rishi Gupta on February 27, 2026. The [ICRA]BBB+/[ICRA]A2+ rating for Long-term/Short-term Fund-based Overdraft facilities worth Rs 294.54 crore remains unchanged but is now under watch status. The affected facilities are distributed across six banking partners including ICICI Bank, State Bank of India, and IDFC First Bank. The bank has complied with regulatory disclosure requirements under SEBI Listing Regulations.
 no imag found
10Mar 26
Fino Payments Bank Receives Revised ESG Rating of '56-Adequate' for 2026
Fino Payments Bank announced a revised ESG rating of '56-Adequate' assigned by ESG Risk Assessments & Insights Limited on March 10, 2026, based on publicly available information. This replaces the bank's previous 'Crisil ESG 54' rating from Crisil ESG Ratings & Analytics Limited. The disclosure was made under SEBI Listing Regulations to both BSE and NSE, with the information also available on the bank's website for stakeholder transparency.
 no imag found
08Mar 26
Fino Payments Bank Receives RBI Approval for Interim CEO Appointment
Fino Payments Bank has received regulatory approval from RBI for the appointment of Ketan Merchant as Interim CEO for a period of three months effective February 27, 2026. The appointment will remain valid until Rishi Gupta resumes office following reassessment by NRC and Board, whichever is earlier. Additionally, Anup Agarwal has been appointed as Interim CFO for up to four months.
 no imag found
04Mar 26
Fino Payments Bank Hosts Investor Call to Address GST Investigation Concerns
Fino Payments Bank held a comprehensive business update call on March 2, 2026, to address stakeholder concerns following CEO Rishi Gupta's arrest in a GST investigation. CFO Ketan Merchant, serving as interim head, clarified that the investigation involves program managers' GST compliance, not the bank's operations. The bank demonstrated operational stability with maintained customer balances of ₹2,250 crores, daily throughput of ₹1,300 crores, and confirmed cessation of real money gaming business since August 2025.
 no imag found
26Feb 26
Fino Payments Bank Initiates Postal Ballot for CEO Remuneration and Re-appointment
Fino Payments Bank has initiated a postal ballot seeking shareholder approval for MD & CEO Rishi Gupta's ₹5.70 crore remuneration for FY 2024-25 and his re-appointment for three years from May 2026 to May 2029. The e-voting process runs from February 28 to March 29, 2026, with both resolutions already receiving RBI approval. Under Gupta's leadership, the bank achieved 25% revenue growth to ₹1,847.1 crore in FY 2024-25 and recently received in-principle approval for conversion to a Small Finance Bank.
 no imag found
30Jan 26
Fino Payments Bank Hosts Q3FY26 Earnings Call Following 47% Profit Decline
Fino Payments Bank's Q3FY26 results showed significant challenges with net profit declining 47% to ₹1,225 lakhs and total income dropping 14.5% to ₹39,441 lakhs. Despite revenue pressures, the bank maintained strong capital adequacy at 73.15% and conducted transparent investor communication through earnings call on January 30, 2026.
 no imag found
29Jan 26
Fino Payments Bank Reports No Deviations in IPO Fund Utilization for Q3 FY26
Fino Payments Bank Limited has filed its Q3 FY26 compliance statement confirming no deviations in IPO fund utilization. The bank raised Rs. 300.00 crore through its November 2021 public issue and has completely utilized the net proceeds of Rs. 283.36 crore for Tier-1 capital augmentation as originally planned. The Audit Committee reviewed and confirmed the proper fund deployment during its January 29, 2026 meeting.
 no imag found
28Jan 26
RBI Approves Rishi Gupta's Re-Appointment as Fino Payments Bank CEO Until May 2026
The Reserve Bank of India has approved Mr. Rishi Gupta's re-appointment as Managing Director and CEO of Fino Payments Bank, extending his tenure until May 2026. The regulatory approval demonstrates confidence in Gupta's leadership, though the re-appointment still requires formal approval from the bank's shareholders. This development ensures potential leadership continuity for the payment bank as it operates in India's competitive digital financial services sector.
 no imag found
06Jan 26
Fino Payments Bank to suspend banking services for 2 days as it migrates to new platform
Fino Payments Bank announced a two-day suspension of all banking services from January 8-10, 2026, to migrate its Core Banking System to the Finacle platform. This digital transformation initiative aims to strengthen technology infrastructure, improve operational efficiency, and enhance system resilience. The bank's shares declined 1.74% to ₹251.20 on NSE following the announcement.
 no imag found
01Jan 26
Fino Payments Bank to Add 600 Staff Over Three Years in Small Finance Bank Transition
Fino Payments Bank plans to hire 600 employees over three years as it transitions to a small finance bank, following RBI's in-principle approval. The bank expects transaction fees to remain the primary revenue source at 75% of total income, while targeting its existing 8 lakh merchants and 1.6 crore customers for lending operations with up to 80% secured advances.
 no imag found
20Nov 25
Fino Payments Bank Pays Rs. 10.18 Crores Under Protest in GST Dispute
Fino Payments Bank has paid Rs. 10.18 crores under protest following GST authorities' search operations. The dispute concerns Input Tax Credit claims, which the bank plans to contest. The payment was made to the Commissioner of GST, Maharashtra State, Mumbai. Fino Payments Bank considers the GST Authority's view untenable and assures that this development will not impact its operations or other activities.
 no imag found
11Nov 25
Fino Payments Bank Under GST Authority Scrutiny: Search Initiated at Registered Office
Fino Payments Bank Limited (FPBL) has disclosed that GST authorities have initiated a search at its registered office in Navi Mumbai. The search, which began on November 10, 2025, is being conducted under Section 67(2) of the Maharashtra Goods and Service Tax Act, 2017. FPBL is cooperating with the authorities by providing requested data and has informed stock exchanges in compliance with SEBI regulations. The bank has not provided details on specific reasons for the search, alleged violations, or potential impacts on its operations. The investigation is ongoing.
 no imag found
29Oct 25
Fino Payments Bank Charts Path to Profitability Through Cross-Selling and Network Expansion
Fino Payments Bank has revealed its strategy for accelerated profitability, focusing on cross-selling products, expanding merchant and agent networks, and leveraging strong transaction growth in rural and semi-urban markets. The bank reported a 12% year-on-year decrease in revenue to ₹400.10 crore for Q2 FY26, but saw a 36% increase in average deposits and an improvement in EBITDA margin. The bank's CASA accounts reached about 1.60 crore, with over 9.10 lakh accounts added in Q2 FY26. Despite challenges in traditional business segments and regulatory changes, the bank is maintaining a risk-calibrated approach and focusing on digital adoption, with daily UPI transactions growing 33% year-on-year.
 no imag found
29Oct 25
Fino Payments Bank Reports Mixed Q2 Results: Revenue Up, Profit Down
Fino Payments Bank's Q2 results show a 25.73% increase in total income to ₹601.00 crore, but a 27.36% decrease in net profit to ₹15.40 crore compared to the previous year. Interest earned grew by 25.88% to ₹601.10 crore, while other income fell by 16.61%. Operating expenses decreased by 13.16%, indicating improved operational efficiency.
 no imag found
17Oct 25
Fino Payments Bank Extends Leadership Tenures: CEO Reappointment and Chairman Approval
Fino Payments Bank has reappointed Rishi Gupta as Managing Director and CEO for a three-year term from May 02, 2026 to May 01, 2029, subject to RBI and shareholder approval. The bank has also received RBI approval for Rajat Kumar Jain's reappointment as Part-Time Chairman for another three-year term from November 02, 2025 to November 01, 2028. Gupta, a founder of Fino PayTech Limited, brings 31 years of financial services experience. Jain, an alumnus of IIT Delhi and IIM Ahmedabad, is also the Founder Director of Padup Ventures.
 no imag found
13Oct 25
Jio Payments Bank Secures Next-Gen Tolling System Contract for Gurugram-Jaipur Highway
Jio Payments Bank has won a contract to implement an Automatic Number Plate Recognition (ANPR)-based Multi-Lane Free Flow (MLFF) tolling system at Shahjahanpur and Manoharpura toll plazas on the Gurugram-Jaipur highway. The system integrates RFID, ANPR, DSRC, and GNSS technologies to enable seamless electronic toll collection across multiple lanes without vehicles slowing down. This marks Jio Payments Bank's second MLFF tender win out of five awarded so far. The bank also manages FASTag-based toll collection at 11 other highway plazas and plans to explore synergies with Jio Platforms for toll management operations.
 no imag found
06Oct 25
Fino Payments Bank Settles SEBI Case for Rs 5.88 Lakh Over Disclosure Lapses
Fino Payments Bank has reached a settlement with SEBI, agreeing to pay Rs 5.88 lakh for disclosure violations related to fraudulent activities by its employees. The bank failed to make timely and complete disclosures about 15 complaints of fraudulent investment schemes, including not disclosing a KPMG investigation report within the required 24-hour timeframe. The settlement was made without admission or denial of findings, and SEBI has disposed of the adjudication proceedings initiated with a show cause notice dated October 8, 2024.
 no imag found
06Aug 25
Fino Payments Bank Reports 4% Revenue Growth Amid Regulatory Challenges and Business Shifts
Fino Payments Bank Limited reported a 4% year-on-year revenue growth to ₹453.00 crores for Q1, with EBITDA increasing by 16% to ₹62.00 crores and cash profit growing by 20% to ₹50.50 crores. CASA accounts reached nearly 1.5 crores, and average deposits rose 34% year-on-year. The bank faced challenges including a decline in remittance business due to regulatory changes and concerns over fraudulent accounts. Despite these, digital payment services revenue grew 59% year-on-year. The bank has applied for a small finance bank license and is investing in technology upgrades, including core banking system migration and AI tools implementation.
 no imag found
30Jul 25
Fino Payments Bank Reports Stable Q1 Performance, Eyes SFB License and Digital Expansion
Fino Payments Bank showed resilience in Q1 with a 4% YoY revenue increase to ₹453.50 crore and 1% PBT growth to ₹24.60 crore. The bank's digital throughput surged 54% YoY to ₹67,800 crore, while average deposits rose 34% to ₹2,275 crore. Customer base reached 1.5 crore with 53 lakh digitally active users. The bank plans to apply for a Small Finance Bank license and enhance its UPI stack and core banking system. Management focuses on high-margin segments like CASA and digital payment services for sustainable growth.
 no imag found
30Jul 25
Fino Payments Bank Reports Mixed Q1 Results Amid Regulatory Changes
Fino Payments Bank's Q1 results show total income up 4% to ₹453.47 crore, but net profit down 27% to ₹17.76 crore. Key growth areas include a 34% rise in average deposits, 54% increase in digital throughput, and 26% growth in digitally active customers. CASA and Digital Payment Services revenue grew by 40%, while traditional business declined 43% due to tighter regulations. The bank processed over 97 crore transactions, a 39% year-on-year increase. Management remains optimistic about long-term growth prospects, focusing on enhancing UPI offerings and awaiting evaluation of their Small Finance Bank license application.
 no imag found
02Jul 25
Fino Payments Bank Sets Ambitious Rs 100 Crore Profit Target for FY26, Riding Digital Wave
Fino Payments Bank aims to achieve Rs 100 crore profit in FY26, driven by its growing digital transactions which now account for 49% of transaction volume. The bank is expanding its merchant network, adding 1.5-2 lakh merchants annually, with a current network of 19 lakh merchants. Fino is collaborating with NBFCs to introduce lending products and has applied for a small finance bank license to broaden its services.
 no imag found
07May 25
Fino Payments Bank Gears Up for Small Finance Bank Transition, Awaits RBI Approval
Fino Payments Bank is awaiting RBI approval to upgrade from a payments bank to a small finance bank. The transition aims to expand service offerings and address challenges in the payments bank sector. The bank is focusing on secured loans and building organizational capacity in preparation for this change. If approved, this move could allow Fino to offer a broader range of banking services, expand its customer base, and increase revenue streams.
 no imag found
28Apr 25
Fino Payments Bank: Revenue Surges 25% to ₹1,847 Crore in FY25, Q4 FY23 Net Profit at ₹240 Million
Fino Payments Bank demonstrated robust financial performance in FY25 with revenue reaching ₹1,847.00 crore (25% YoY growth) and profit before tax at ₹108.30 crore (26% YoY increase). Digital transactions grew by 29% YoY, processing over ₹4.60 lakh crore. In Q4 FY23, the bank reported a net profit of ₹240.00 million and revenue of ₹528.00 million, marking a 27.54% YoY revenue growth. The customer base expanded to 1.43 crore, and the bank invested ₹150.00 crore in technology infrastructure.
 no imag found
Fino Payments Bank
119.80
-4.71
(-3.78%)
1 Year Returns:-49.40%
Industry Peers
Fino Payments Bank
119.80
(-3.78%)