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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Fino Payments Bank Ltd

Fino Payments Bank FY26: Net revenue ₹584.4 crore, deposits hit ₹2,957 crore

RESULTS ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 29 Apr 2026, 07:19 PM IST  ·  BSE ID: 81aae5c1-cf17-4ab3-a18c-655d5bb9b9a6
View Original BSE Filing (PDF)
💡
In Simple Terms
Fino Payments Bank posted stable profits and hit record deposits of nearly ₹3,000 crore in March 2026 while securing approval to convert into a Small Finance Bank.
🤖 AI Summary
  • FY26 net revenue ₹584.4 crore (stable YoY); Q4'26 net-revenue margin 40%, highest quarterly ever
  • Total deposits reached ₹2,957 crore (all-time high March 14, 2026); average deposits up 20% YoY in Q4'26
  • Record quarterly CASA renewal income ₹62.2 crore in Q4'26, up 12% YoY; customer base 1.75 crore
  • Referral lending disbursements ₹1,285 crore in FY26; Q4'26 growth 97% over Q3'26 at ₹592 crore
  • CBS migration completed Q4'26; RBI in-principle Small Finance Bank approval granted December 5, 2025
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Net Revenue
₹584.4 crore
FY26 Total Revenue
₹1,587.9 crore
-14%
Q4'26 Net-Revenue Margin
40%
Total Deposits (March 14, 2026)
₹2,957 crore
Q4'26 Average Deposits
₹2,535 crore
+20%
Q4'26 CASA Renewal Income
₹62.2 crore
+12%
FY26 Referral Lending Disbursements
₹1,285 crore
Q4'26 Referral Lending Disbursements
₹592 crore
+97% vs Q3'26
Customer Base
1.75 crore
Q4'26 Total Throughput
₹1,07,798 crores
-17%
FY26 Total Throughput
₹4,64,047 crores
🏢 How This Affects the Company
📈
Business Impact
CASA renewal income at ₹62.2 crore (Q4'26, up 12% YoY) and referral lending disbursements of ₹592 crore (Q4'26, up 97% vs Q3'26) demonstrate momentum in core lending and deposit franchises. Customer base expansion to 1.75 crore with ₹1,285 crore referral disbursements in FY26 strengthens merchant network and rural penetration positioning ahead of Small Finance Bank transition.
💰
Financial Impact
Net revenue remained stable at ₹584.4 crore in FY26 despite FY26 total revenue declining 14% YoY to ₹1,587.9 crore, indicating margin improvement. Q4'26 net-revenue margin of 40% (highest quarterly) and average deposits up 20% YoY in Q4'26 to ₹2,535 crore provide deposit cost discipline and improved EBITDA stability for transition phase.
⚙️
Operational Impact
CBS migration completed in Q4'26 represents infrastructure readiness for scaled operations. Technology upgrade and asset-light model positioning align with Small Finance Bank regulatory requirements. Maintenance of 1.75 crore customer base and operational continuity demonstrated despite management interim arrangements.
⚠️
Risk Impact
Recent investigation into program managers sourcing UPI merchants across multiple banks remains sub judice (bail granted March 26, 2026); Bank clarifies matter unrelated to its own GST compliance. Operational challenges noted by management during interim period require governance stabilisation. Investigation risk present pending resolution of sub judice matter.
👥 What This Means For Shareholders
✅
Action Required
Monitor quarterly Small Finance Bank regulatory progress disclosures and investigation status updates in continuance filings.
👤
Who Is Affected
All equity shareholders benefit from deposit franchise strength (₹2,957 crore) and regulatory milestone. Holders exposed to investigation resolution timing pending next management continuity disclosure.
🔍
Management Signal
Interim CEO and CFO focus on governance guardrails and differentiated asset-light SFB model indicates structured regulatory transition planning and interim stability focus over near-term growth acceleration.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Small Finance Bank regulatory approval final decision — track RBI formal license issuance post in-principle stage.
Investigation outcome disclosure — monitor sub judice matter resolution and impact on management appointments.
Q1 FY27 results — verify if referral lending momentum (₹592 crore Q4'26) sustains and deposit growth continues.
MEDIUM RISK Sub judice investigation into program managers and UPI merchant sourcing across multiple banks creates governance uncertainty. Interim CEO/CFO structure and revenue decline (14% YoY) require monitoring through Small Finance Bank transition completion.
💡 Investor Takeaway
FY26 net revenue stable at ₹584.4 crore with deposits hitting ₹2,957 crore (all-time high). Q4'26 net-revenue margin 40% and CASA renewal income ₹62.2 crore (up 12% YoY) confirm deposit and lending momentum. Small Finance Bank in-principle approval (December 5, 2025) initiates regulatory transition. Investigation into program managers remains sub judice.
⚖️ Strengths & Concerns

✅ Positives

  • Record deposit base of ₹2,957 crore (March 14, 2026) and stable net revenue at ₹584.4 crore FY26 demonstrates customer trust and margin resilience.
  • Q4'26 CASA renewal income ₹62.2 crore (up 12% YoY) and referral lending surge (97% Q3-Q4 growth, ₹592 crore Q4'26) signal strong momentum entering Small Finance Bank phase.

⚠️ Concerns

  • FY26 total revenue declined 14% YoY to ₹1,587.9 crore; Q4'26 total throughput fell 17% YoY to ₹1,07,798 crores and digital throughput down 13% YoY.
  • Sub judice investigation involving program managers across multiple banks creates governance uncertainty pending resolution; interim management structure in place for CEO and CFO roles.
📅 Company Track Record
Fino Payments Bank posted FY25 net profit of ₹9,224 lakhs (per April 29, 2026 filing context); FY26 net profit fell 43.3% to ₹5,246 lakhs as other income declined 19%. Q4FY26 saw deposits hit ₹2,950+ crore with renewal income ₹62.2 crore, but transaction business fell 30%. Bank received in-principle Small Finance Bank approval December 5, 2025, becoming first Payments Bank conversion.

Based on publicly available historical data. For context only.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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