April 29, 2026 — Fino Payments Bank has reported a sharp 70.4% year-on-year (YoY) decline in net profit for the fourth quarter of FY26, bringing earnings down to ₹7.1 crore from ₹24 crore in the previous year.
Despite the bottom-line slump, the bank achieved several operational milestones, including its highest-ever quarterly net revenue margin and record deposit levels.
Key Financial Highlights (Q4 FY26)
| Metric | Q4 FY26 | Q4 FY25 | Change (YoY) |
| Net Profit | ₹7.1 Cr | ₹24 Cr | 📉 70.4% |
| Net Interest Income (NII) | ₹35.2 Cr | ₹26.8 Cr | 📈 31.5% |
| Net Revenue Margin | 40% | — | Record High |
| CASA Contribution | 45% | — | 📈 Growth |
Operational Performance & Deposits
The bank’s deposit base showed significant strength despite a challenging quarter:
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Record Deposits: Total deposit balance hit an all-time high of ₹2,957 crore on March 14, 2026.
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Average Deposits: Rose 20% YoY to ₹2,535 crore.
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CASA Renewals: Record renewal income of ₹62.2 crore, up 12% YoY.
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Customer Growth: Added 6.9 lakh accounts in Q4, bringing the total customer base to 1.75 crore.
Transactional & Digital Trends
While deposit metrics were strong, transaction volumes (throughput) saw a downturn:
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Total Throughput: Declined 17% YoY to ₹1,07,798 crore.
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Digital Throughput: Fell 13% YoY for the quarter, though it remains up 16% for the full fiscal year (FY26).
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Referral Lending: A major bright spot, with disbursements jumping 97% sequentially to ₹592 crore in Q4, driven by rural merchant networks.
Strategic Infrastructure
The bank successfully completed its CBS (Core Banking Solution) migration during the quarter. This system transition is intended to provide a more robust architectural foundation for future scaling and growth.
Interim CEO Ketan Merchant emphasized the bank’s resilience:
“The fundamental resilience is a direct reflection of the robustness of our institutional architecture. Total deposits reaching an all-time high is a testimony to the trust our customers place in us, even in challenging times.”
Market Reaction
On the BSE, FINO Payments Bank Ltd shares defied the profit slump, closing slightly higher at ₹134.70 (up 0.52% or ₹0.70) on April 29.
