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Latest news about Fino Payments Bank

Fino Payments Bank Reports No Deviations in IPO Fund Utilization for Q3 FY26 Jan 29, 2026

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.

Fino Payments Bank Hosts Q3FY26 Earnings Call Following 47% Profit Decline Jan 29, 2026

RBI Approves Rishi Gupta's Re-Appointment as Fino Payments Bank CEO Until May 2026 Jan 28, 2026

Fino Payments Bank to suspend banking services for 2 days as it migrates to new platform Jan 06, 2026

Fino Payments Bank to Add 600 Staff Over Three Years in Small Finance Bank Transition Jan 01, 2026

More news about Fino Payments Bank

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.