Fino Payments Bank Q2 FY27 Loan Referral Growth Surges 286% YoY
Fino Payments Bank announced its Q2 and H1 FY'27 financial and operational results, highlighting significant growth in loan referral disbursals, which surged 286% YoY to ₹762 crore in Q2'27. The bank also saw its deposit franchise grow, with CASA customer base increasing 20% YoY to 1.91 crore and average total deposits rising 12% YoY. Revenue for Q2'27 stood at ₹333.6 crore (+9% QoQ), though the bank incurred a net loss of ₹20.9 crore for the quarter and ₹34.6 crore for H1'27, attributed to investments in technology, infrastructure, and talent for its upcoming Small Finance Bank (SFB) transition. Key initiatives include launching 'Cash @ UPI' and 'Daily Deposit Plan'. The bank is actively preparing for its SFB transition by onboarding senior leadership and refining its operational frameworks.
Key Highlights
- Loan referral disbursals surged 286% YoY to ₹762 crore in Q2'27.
- Deposit franchise continues to grow, with CASA customers up 20% YoY.
- Revenue for Q2'27 increased 9% QoQ to ₹333.6 crore.
- Net loss reported for Q2'27 (₹20.9 crore) and H1'27 (₹34.6 crore) due to SFB transition investments.
- New products 'Cash @ UPI' and 'Daily Deposit Plan' launched.
Price Impact
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