Fino Payments Bank will Convert into Small Finance Bank
Verified article - details checked for accuracy.
Data Extracted via Frism DocuLens
- Fino Payments Bank Limited (BSE: FINOPB) posted FY26 revenue of ₹1,587.9 cr, down 14% YoY, while net revenue held steady at ₹584.4 cr and the net‑revenue margin surged to a record 40% in Q4’26.
- Deposits hit an all‑time high of ₹2,957 cr (average deposits up 20% YoY in Q4’26) and CASA renewal income rose 12% YoY to ₹62.2 cr.
- Referral‑lending disbursements jumped 97% QoQ to ₹592 cr in Q4’26, taking FY26 total referrals to ₹1,285 cr.
- The bank completed its Core Banking System migration and, after RBI in‑principle approval in Dec 2025, will become the first payments bank to convert to a Small Finance Bank, unlocking higher‑margin lending.
- Risks noted: FY26 revenue decline, an ongoing legal case (bail granted to Rishi Gupta), and the need for additional capital to satisfy SFB regulatory capital requirements.
Complete ArticleExclusive Frism Intelligence Report
Frism is a financial information and news discovery platform. We provide factual summaries and data correlations for educational and informational purposes only. Frism does not provide investment advice, buy/sell recommendations, or directional market outlooks. Users should consult a qualified financial advisor before making any investment decisions.
Proudly crafted in India 🇮🇳
Frism Computing (OPC) Private Limited
#74, 15TH CROSS, JP Nagar III Phase, Bangalore South, Bangalore 560078, Karnataka