Fino Payments Bank Q1 FY'27 Revenue Declines 32% YoY to ₹306.9 Cr

Fino Payments Bank announced its Q1 FY'27 results, reporting a 32% year-on-year decline in revenue to ₹306.9 crore and a 14% drop in net revenue to ₹131.2 crore. This was attributed to the recalibration of its B2B UPI P2M business and cash-driven transaction segments. Despite the revenue dip, the bank achieved its highest quarterly net revenue margin of 42.8%, driven by a 54% contribution from the high-margin CASA segment. The bank is focusing on a retail-centric, fee-based, asset-light model and is progressing towards its Small Finance Bank (SFB) transition, with loan referral disbursals surging 214% YoY. CASA customer base grew 22% YoY to 1.83 crore.