Fino Payments Bank Limitedrevenue ₹333.6 Cr, referrals +286%, SFB on track

Fino Payments Bank's Q2 FY27 call, held on 30 October 2026, reported revenue of ₹333.6 crore, up 9% on the quarter and down 17% on the year, net revenue of ₹127.1 crore and EBITDA of ₹35.1 crore at a 10.5% margin as investment in the small finance bank transition weighed on profit.

Loan referral disbursals were ₹762 crore in Q2, up 286%, and ₹1,390 crore in H1, above all of FY26. CASA accounts reached 1.91 crore, CASA revenue was 52% of the total including record renewal income of ₹74.6 crore, and the cost of funds was 1.4%. Management said the transition to a small finance bank is on track, with a branch plan by Q4, capex of ₹120 crore to ₹150 crore, first-year disbursals of about ₹2,000 crore and a ₹8,000 crore to ₹10,000 crore book in three to four years.

It gave no FY27 guidance, calling the year one of transition, and said the UPI B2B payments product will return by Q4 FY27 while the merchant discount rate has been pushed to January.