Fino Payments Bank Limited — PPTs, 30-07-2025: Investor Presentation

**1. Financial Highlights:**

Revenue grew 4% YoY to ₹453.5 Cr. Profit Before Tax (PBT) rose 1% to ₹24.6 Cr, and EBITDA increased 16%. Net Revenue Margin expanded 250 bps YoY. Average deposits surged 34% to ₹2,275 Cr, maintaining a low 2.1% cost of funds, signaling improved profitability.

**2. Strategic Initiatives & Growth Drivers:**

The company is strategically pivoting towards high-margin "Growing Businesses" (CASA & Digital Payments), which now comprise 57% of revenue and are growing 40% YoY. Ongoing tech investments, including a new Core Banking Solution, are underway. RBI's Small Finance Banking license evaluation is progressing.

**3. Business Developments:**

Customer base expanded to 1.5 Crore, with over 53 lakh digitally active. Daily UPI transactions surged 54% YoY to ~1 Cr, significantly boosting digital throughput. Conversely, traditional business revenue (remittance, MATM, AEPS) notably declined 43% YoY due to regulatory shifts.

**4. Market Position & Competitive Advantage:**

Maintains an extensive network of 19.5 lakh banking outlets covering 97% of India. Ranks 6th in active mobile banking users. Its competitive 2.1% cost of funds from its deposit-led franchise and robust "FinoPay" UPI platform drive market strength.

**5. Investor Implications:**

The strategic shift to higher-margin segments and robust digital growth indicate positive growth potential. Sustained customer loyalty and improving acquisition quality enhance long-term value. Key risks to monitor include execution in managing the decline of traditional businesses and rising compliance costs.