Fino Payments Bank Sees Strong Surge in Q4 FY26 Referral Loan Disbursements, Set to Achieve 90% of 9M FY26 Levels

Fino Payments Bank is witnessing strong momentum in its referral lending business through its own merchant channel. As of March 20, 2026, Q4 FY26 referral loan disbursements have already reached ~ ₹540 crores and are expected to close at 90% levels comparable to the first three quarters combined (~₹700 crores). This sharp acceleration reflects growing traction in rural credit demand, supported by the Bank’s extensive merchant network and deepening partnerships with NBFCs. The Bank is on track to record close to ₹1,300 crore in referral loan disbursements for FY26. Fino’s extensive rural presence, with over 20 lakh merchant points and 1.7 crore CASA customers, enables last-mile access to formal credit.