Fino Payments Bank Limited — Credit Ratings, 23-05-2025: Credit Rating

ICRA has reaffirmed Fino Payments Bank Limited’s credit rating at [ICRA]BBB+ (Stable)/[ICRA]A2+ for its ₹294.54 Cr overdraft facilities, maintaining a stable outlook. The rating reflects stronger transaction volumes supported by a growing merchant base and rising CASA deposits of ₹1,939 Cr as of March 2025. The bank posted a net profit of ₹93 Cr in FY2025, aided by higher treasury income and expanding digital transaction revenues. Its comfortable capital adequacy ratio of 80.5% underpins financial stability despite anticipated higher borrowings invested in government securities. This rating action supports continued access to borrowing at stable costs and reassures investors of the bank’s solid financial position amid competitive pressures.