Monthly Update10 Jul 2026, 06:41 pm
Fino Payments Bank: June 2026 Business Update
AI Summary
Fino Payments Bank Ltd reported its business performance for June 2026, showing a 31% year-on-year increase in new deposit accounts opened, reaching approximately 3.1 lakh. Digitally active customers grew by 22% to 64.7 lakh, with FinoPay active customers surging 38% to 8.4 lakh. The loan referral business, a pilot for its Small Finance Bank transition, saw a significant 253% rise in disbursals to ₹240 crore. However, transaction business throughput decreased by 35% to ₹2,830 crore, attributed to an ecosystem shift towards UPI and focus on higher-quality merchants.
Key Highlights
- New deposit accounts up 31% YoY to ~3.1 lakh in June 2026.
- Digitally active customers increased 22% to 64.7 lakh.
- Loan referral disbursals surged 253% to ₹240 crore.
- Transaction throughput declined 35% to ₹2,830 crore.
- FinoPay active customers grew 38% to 8.4 lakh.
Price Impact
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