Fino Payments Bank experienced a 13% year-on-year rise in average total deposits, reaching ₹2,794 crore in the second quarter of the 2026-27 financial year (Q2 FY27). This increase reflects the bank's growing customer base and improved financial activity during the quarter ending September 30, 2026.
- Average total deposits increased from ₹2,480 crore in Q2 FY26 to ₹2,794 crore in Q2 FY27.
- Referral loan disbursals surged 223% year-on-year to ₹278 crore.
- Digitally active customers grew 13% to 64.9 lakh.
- Number of new accounts opened declined 17% to 2.45 lakh.
- Transaction business throughput fell 10% to ₹3,469 crore.
- Cash management system throughput rose 10% to ₹6,918 crore.
What caused the increase in Fino Payments Bank's deposits?
The bank's average total deposits rose by 13% compared to the same quarter last year, increasing from ₹2,480 crore in Q2 FY26 to ₹2,794 crore in Q2 FY27. This growth indicates stronger customer trust and increased banking activity during the period.
How did referral loan disbursals perform in Q2 FY27?
Referral loan disbursals reached ₹278 crore in Q2 FY27, marking a significant 223% increase from ₹86 crore in Q2 FY26. This sharp rise suggests that the bank's loan referral programs have been highly effective.
Did the number of new accounts opened increase?
No, the number of new accounts opened fell by 17% year-on-year, from 2.95 lakh in Q2 FY26 to 2.45 lakh in Q2 FY27. Despite this decline, the bank's overall customer engagement remained strong.
What about digitally active customers and FinoPay users?
Digitally active customers increased by 13% to 64.9 lakh in Q2 FY27, up from 57.3 lakh in the previous year. FinoPay active customers also rose 12% to 8.1 lakh, indicating growing adoption of digital banking services.
How did transaction and cash management throughput change?
Transaction business throughput decreased by 10% to ₹3,469 crore, compared to ₹3,866 crore in Q2 FY26. However, the cash management system (CMS) throughput grew by 10% to ₹6,918 crore, up from ₹6,281 crore, showing strength in cash handling operations.
What is the current market status of Fino Payments Bank shares?
As of October 8, 2026, Fino Payments Bank's shares were trading at ₹146.33 per equity share, up 11.24% on the day. The stock has gained over 11% in the past week but declined more than 44% year-to-date. The bank's market capitalization stood at ₹1,236.04 crore.
Frequently Asked Questions
Q: What was the percentage increase in average total deposits?
A: Average total deposits increased by 13% year-on-year to ₹2,794 crore in Q2 FY27.
Q: How much did referral loan disbursals grow?
A: Referral loan disbursals grew by 223% year-on-year, reaching ₹278 crore.
Q: Did the number of new accounts opened increase?
A: No, the number of new accounts opened declined by 17% to 2.45 lakh.
Q: What is the number of digitally active customers?
A: Digitally active customers increased to 64.9 lakh, a 13% rise from the previous year.
Q: How did the stock perform recently?
A: The stock price rose 11.24% on October 8, 2026, trading at ₹146.33 per share, with a 44% decline year-to-date.
