Fino Payments Bank Ltd
NSE:FINOPB
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Fino Payments Bank Ltd
Fino Payments Bank Ltd. operates as a fintech company. The company is headquartered in Navi Mumbai, Maharashtra. The company went IPO on 2021-11-12. FPBL offers savings account, current account, BPay mobile banking and wallet application (app), loans, and insurance services. The company also provides business and banking technology platform. The firm's savings account offers Aarambh savings account, Suvidha savings account, Shubh savings account, Pratham savings account, Saral salary account, Bhavishya savings account, and Jan savings account. The firm's current account offers Pragati current account and Sampann current account. The firm's insurance service consists of life and health insurance.
Fino Payments Bank Ltd. operates as a fintech company. The company is headquartered in Navi Mumbai, Maharashtra. The company went IPO on 2021-11-12. FPBL offers savings account, current account, BPay mobile banking and wallet application (app), loans, and insurance services. The company also provides business and banking technology platform. The firm's savings account offers Aarambh savings account, Suvidha savings account, Shubh savings account, Pratham savings account, Saral salary account, Bhavishya savings account, and Jan savings account. The firm's current account offers Pragati current account and Sampann current account. The firm's insurance service consists of life and health insurance.
SFB License Milestone: Fino Payments Bank received in-principle approval from the RBI to transition into a small finance bank (SFB), the first payments bank to achieve this.
Revenue Decline: Q3 FY '26 revenue fell to INR 394.4 crores, down 1% sequentially and 15% year-on-year, mainly due to lower transaction-led business.
Margin Improvement: Net revenue margin rose to 37.5% in Q3, up 540 basis points year-on-year, aided by a higher share of CASA and renewal income.
CASA Growth: Average deposits grew 32% year-on-year to INR 2,496 crores, with CASA balances and digitally active customers rising.
Profitability Resilient: Q3 EBITDA improved 6% year-on-year to INR 63.9 crores, with margin expansion despite top-line pressure.
Cost Discipline: Operating expenses remained tightly controlled, with OpEx up only 2% year-on-year for 9M FY '26.
Outlook & Guidance: Management expects SFB operations to start in late FY '27 or early FY '28, targeting a 20%+ ROE medium term and a loan book of INR 8,000–10,000 crores by FY '30.
