In a tough quarter for Fino Payments Bank, net profit nosedived 70.4% to Rs 7.1 crore for the period ending March 2026, compared to Rs 24 crore last year. The Mumbai-based digital bank, however, pointed to strong underlying metrics to assure stakeholders of its operational health.
A standout performer was net interest income, which climbed 31.5% to Rs 35.2 crore. The quarter also saw the bank’s net revenue margin peak at 40%, driven by significant CASA growth of 45%. Full-year revenue for FY26 stood at Rs 1,587.9 crore, down 14% annually, with net revenue flat at Rs 584.4 crore.
Deposit mobilization remained a bright spot, with average deposits up 20% to Rs 2,535 crore year-on-year. Fino recorded its highest-ever deposit balance of Rs 2,957 crore on March 14. CASA renewal income reached a record Rs 62.2 crore, up 12%.
The customer base swelled to 1.75 crore, fueled by 6.9 lakh new accounts added in the quarter—3.2 lakh of them in March. On the downside, total throughput shrank 17% to Rs 1,07,798 crore, and digital throughput dropped 13% to Rs 65,269 crore, reflecting slower transaction activity.
As Fino navigates regulatory and market pressures, its deposit momentum and customer expansion position it well for recovery in the evolving payments ecosystem.
