Highlights
- Fino Payments Bank opened over 3.1 lakh new accounts during June 2026.
- Loan referral disbursals increased 253% YoY to INR 240 crore.
- Average total deposits grew 11% YoY to INR 2,755 crore.
Fino Payments Bank Limited (NSE:FINOPB) released its provisional business performance update for June 2026, highlighting growth across its liability franchise, digital customer base and loan referral business.
The update, disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is based on provisional and unaudited numbers.
Source: Analysis by Kalkine
New Account Additions Increase 31%
The bank opened 313,263 new deposit accounts during June 2026, compared with 239,300 in the corresponding month last year, reflecting a 31% year-on-year increase.
With these additions, the total number of deposit accounts reached approximately 1.8 crore.
Renewal income rose to INR 20.8 crore from INR 19.6 crore in June 2025, while average total deposits increased 11% year-on-year to INR 2,755 crore from INR 2,477 crore.
Digital Customer Engagement Continues to Grow
Fino Payments Bank reported continued growth in digital customer activity during the month.
Digitally active customers increased to 64.7 lakh from 53.2 lakh a year earlier, representing a 22% year-on-year rise.
Active users of the FinoPay mobile application reached 8.4 lakh, compared with 6.1 lakh in June 2025, reflecting growth of 38%.
According to the bank, digital engagement continued to improve through the FinoPay application during the month.
Loan Referral Business Records Higher Disbursals
The bank's loan referral business continued to expand during June.
Loan referral disbursals increased to INR 240 crore from INR 68 crore in the corresponding month last year, representing year-on-year growth of 253%.
The bank said the loan referral business serves as a pilot for its proposed Small Finance Bank transition and that the increase in referral disbursals reflects credit potential within its customer ecosystem while supporting its long-term lending strategy.
Transaction Throughput Declines
Transaction throughput during June 2026 stood at INR 2,830 crore compared with INR 4,373 crore in June 2025, representing a decline of 35%.
B2B digital payment services throughput was reported at nil compared with INR 3,100 crore in the corresponding month last year.
The bank stated that the moderation in transaction throughput reflects the broader ecosystem's shift from cash transactions to UPI, along with its focus on higher-quality and more transacting merchants.
It also noted that the pace of decline in this segment has eased compared with previous months.
Business Update Based on Provisional Numbers
Fino Payments Bank clarified that the business update is based on provisional and unaudited numbers.
The company also stated that the disclosure has been made available on its website in accordance with applicable regulatory requirements.
Key Risks
- Transaction throughput may remain affected by changing payment preferences.
- Digital adoption trends could influence customer transaction behaviour.
- Loan referral growth depends on customer credit demand.
- Deposit growth may vary with competitive banking conditions.
Summary
Fino Payments Bank reported growth in key operating metrics during June 2026, including a 31% rise in new deposit accounts, 11% growth in average deposits and a 253% increase in loan referral disbursals. Digital engagement also improved, while transaction throughput declined as the bank cited an industry shift towards UPI and a focus on higher-quality merchants.
FAQs
Q: How many new accounts did Fino Payments Bank open in June 2026?
A: The bank opened 313,263 new deposit accounts during June 2026, a 31% increase from the previous year.
Q: How did Fino Payments Bank's loan referral business perform?
A: Loan referral disbursals rose to INR 240 crore during June 2026, representing a 253% year-on-year increase.
Q: Why did transaction throughput decline during June 2026?
A: The bank attributed the decline to the shift from cash transactions to UPI and its focus on higher-quality, more transacting merchants.