Business updates8 Oct 2026 · Thu
FINOPBFino Payments Bank
Fino Payments Bank's average deposits rise 13% to ₹2,794 crore in the September quarter
In its quarterly business update, Fino Payments Bank reported average total deposits of ₹2,794 crore and a 223% rise in loan referral disbursals. New accounts opened fell 17%.
Price, Thursday's close₹145.53▲ 13.02%
Last 5 days
52-week low ₹110.0352-week high ₹339.00
- Sector
- Payments bank
What happened
- Fino Payments Bank said average total deposits rose 13% from a year earlier to ₹2,794 crore in the September quarter, from ₹2,480 crore, according to Upstox and Business Standard.
- Loan referral disbursals rose 223% to ₹278 crore from ₹86 crore.
- Digitally active customers rose 13% to 64.9 lakh, and FinoPay active customers rose 12% to 8.1 lakh.
- New accounts opened fell 17% to 2.45 lakh from 2.95 lakh a year earlier.
- The shares closed at ₹145.53, up 13.02%.
Why it matters
Good to know: A loan referral is when the bank introduces a customer to a lending partner. The partner makes the loan, so the disbursal is not on the bank's own books.
Key facts
- Average total deposits
- ₹2,794 crore (+13% year on year)
- Loan referral disbursals
- ₹278 crore (+223%)
- Digitally active customers
- 64.9 lakh (+13%)
- New accounts opened
- 2.45 lakh (−17%)
Read the source
This is a summary of public news about Fino Payments Bank, for information only. It is not a recommendation to buy, sell or hold FINOPB.