Fino Payments Bank Ltd

Fino Payments Bank Ltd has announced the closure of its trading window for dealing in equity shares. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut for Designated Persons and their immediate relatives from July 01, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The information will also be available on the bank's website.

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.

Fino Payments Bank Ltd has entered into a strategic partnership with Ezee.ai to develop a lending ecosystem for its transition into a Small Finance Bank (SFB). The collaboration involves deploying Ezee.ai's AI-enabled Loan Origination System (LOS), Business Rules Engine (BRE), and Collections Management Platform. This partnership aims to enhance Fino Payments Bank's lending capabilities through AI-driven automation and intelligent decision-making, supporting its objective of expanding credit access across India.

The Reserve Bank of India (RBI) has approved the extension of Mr. Ketan Merchant's tenure as Interim CEO of Fino Payments Bank Limited for a further period of three months, effective from May 27, 2026. This follows the bank's previous communication on May 21, 2026, regarding the matter. The disclosure is available on the bank's website.

Fino Payments Bank's board accepted Rishi Gupta's voluntary early retirement as MD & CEO, effective May 21, 2026. The board acknowledged Gupta's contributions, including leading the bank to profitability and securing in-principle approval for transition into a Small Finance Bank. Ketan Merchant's tenure as Interim CEO is extended, subject to RBI approval, for up to 3 months from May 27, 2026. Anup Agarwal's term as Interim CFO is also extended for up to 3 months from July 6, 2026.

Fino Payments Bank's MD & CEO, Rishi Gupta, has requested voluntary early retirement, effective May 21, 2026 (after business hours). The Board accepted his request, acknowledging his contributions to making the bank the first profitable listed payments bank in India and obtaining in-principle approval for transition into a Small Finance Bank. The Board has extended the tenure of Mr. Ketan Merchant as Interim CEO, subject to RBI approval, for a period not exceeding 3 months effective from May 27, 2026. Additionally, the tenure of Mr. Anup Agarwal as Interim CFO has been extended for a period not exceeding 3 months w.e.f. July 06, 2026.

Fino Payments Bank reported a 204% YoY increase in loan referral disbursals, reaching ₹166 Cr in April 2026. The bank's CASA accounts opened increased by 9% YoY to 2,36,437. Average total deposits grew by 13% YoY to ₹2,801 Cr. Digitally active customers increased by 19% YoY to 62.1 lakh, with FinoPay active customers up 28% YoY to 7.7 lakh. Renewal income also saw a 9% YoY increase, reaching ₹19.3 Cr. Transaction business throughput decreased by 47% to ₹2,649 Cr, and digital payments services B2B throughput decreased by 96% to ₹101 Cr due to strategic recalibration.

Fino Payments Bank Ltd's Board of Directors re-appointed Mr. Aninda Mukherjee as Chief Risk Officer for a three-year term, effective from May 3, 2026, to May 2, 2029. Concurrently, the Board approved the Audited Financial Results for the financial year ended March 31, 2026, and the Un-audited Financial Results for the fourth quarter ended March 31, 2026. For Q4 FY26, the bank reported a net profit of ₹710 lakhs. For the full financial year 2026, the net profit was ₹5,246 lakhs, with a basic EPS of ₹6.30. The Capital Adequacy Ratio stood at 83.95% as of March 31, 2026.

Fino Payments Bank Ltd's Board of Directors approved the Audited Financial Results for the financial year ended March 31, 2026, and Un-audited Financial Results for the fourth quarter ended March 31, 2026. For FY26, the bank reported a Net Profit of ₹5,246 lakhs. The Net Profit for Q4 FY26 stood at ₹710 lakhs. The Statutory Auditors, M/s. Bilimoria Mehta & Co., issued an unmodified opinion on the FY26 financial results. Additionally, the Board approved the re-appointment of Mr. Aninda Mukherjee as Chief Risk Officer for a three-year tenure, effective from May 3, 2026, to May 2, 2029.

Fino Payments Bank's Board approved its financial results for the quarter and year ended March 31, 2026. For Q4 FY26, the bank reported a net profit of ₹710 lakhs. For the full financial year 2026, the net profit stood at ₹5,246 lakhs, with an EPS of ₹6.30. The statutory auditors issued an unmodified opinion on the FY26 financial results. As of March 31, 2026, the bank's Capital Adequacy Ratio was 83.95%, deposits reached ₹2,37,949 lakhs, and borrowings were ₹1,53,530 lakhs. Additionally, Mr. Aninda Mukherjee was re-appointed as Chief Risk Officer for a three-year term from May 3, 2026, to May 2, 2029.