Business Update8 Jun 2026, 09:11 pm
Fino Payments Bank: Deposit Accounts Up 29% YoY in May
AI Summary
Fino Payments Bank reported a strong business update for May 2026, with deposit accounts increasing by 29% year-on-year to approximately 2.9 lakh. Average total deposits grew 10% YoY to ₹2,762 crore, and digitally active customers rose 19% YoY to 62.6 lakh. Loan referral disbursals saw a significant surge of 186% YoY to ₹210 crore. The bank is progressing towards its Small Finance Bank (SFB) transition, forming a strategic partnership with Ezee.ai for a lending ecosystem and strengthening its technology and merchant network. While transaction throughput saw a moderation, the bank remains focused on its core business, deposit mobilization, and digital engagement.
Key Highlights
- Deposit accounts grew 29% YoY to ~2.9 lakh in May.
- Average total deposits increased 10% YoY to ~₹2,762 crore.
- Digitally active customers rose 19% YoY to ~62.6 lakh.
- Loan referral disbursals surged 186% YoY to ~₹210 crore.
- SFB transition progressing with Ezee.ai partnership.