JKB Financial Services Ltd.

As on : 13-Jul-2026

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13-Jul-2026 11:23

Fino Payments Bank surges after avg total deposits climb 11% YoY in June'26

The bank opened 3,13,263 new deposit accounts in June 2026, registering a 31% year-on-year (YoY) increase from 2,39,300 accounts opened in the corresponding month last year.

During the month, the bank's digitally active customer base expanded 22% YoY to 64.7 lakh customers, while active FinoPay customers climbed 38% YoY to 8.4 lakh.

Loan referral disbursals witnessed robust growth, surging 253% YoY to Rs 240 crore in June 2026 compared with Rs 68 crore in June 2025.

Fino Payments Bank, a subsidiary of Fino Paytech, is a technology-led, asset-light digital bank serving emerging India. Backed by marquee investors including ICICI Group, BPCL, Blackstone, LIC, and IFC, Fino operates a high-volume, low-cost model focused on financial inclusion. The bank has received 'In-principle' approval from RBI to convert into a small finance bank on 5th December 2025, making it the first payments bank to achieve this distinction.

The bank's standalone net profit declined 70.4% to Rs 7.10 crore on 31.1% fall in total income to Rs 339.98 crore in Q4 FY25 over Q4 FY25.

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