Fino Payments Bank Limited experienced a significant 70.4% decrease in net profit in the March quarter, dropping to Rs 7.1 crore from Rs 24 crore in the same period the previous financial year (Q4 FY25). Despite this decline, the bank demonstrated strength in core operating metrics, with net interest income (NII) increasing by 31.5% to Rs 35.2 crore compared to Rs 26.8 crore a year ago, as per its regulatory filing.
In Q4 FY26, the bank achieved its highest-ever quarterly net revenue margin of 40%, supported by a rise in CASA contribution to 45%. For the full financial year FY26, total revenue amounted to Rs 1,587.9 crore, marking a 14% year-on-year decrease, while net revenue remained steady at Rs 584.4 crore, according to regulatory filings.
During the quarter, the bank saw robust growth in average deposits, which increased by 20% year-on-year to Rs 2,535 crore. Additionally, it reached its peak total deposit balance of Rs 2,957 crore on March 14, 2026, with CASA renewal income hitting a record Rs 62.2 crore in Q4 FY26, up 12% from the previous year.
The bank’s customer base expanded to 1.75 crore, with approximately 6.9 lakh new accounts added in the quarter, including around 3.2 lakh in March alone, as detailed in its exchange filing. However, business activity experienced a slight slowdown, with total throughput for the quarter decreasing by 17% year-on-year to Rs 1,07,798 crore, and digital throughput dropping by 13% to Rs 65,269 crore.
For the full year, total throughput remained unchanged at Rs 4,64,047 crore, while digital throughput increased by 16% to Rs 2,62,009 crore.
