Fino Payments Bank Limited — PPTs, 29-01-2026: Investor Presentation

Fino Payments Bank has received in-principle approval from RBI to convert into a Small Finance Bank and successfully migrated to a new Finacle Core Banking Platform. This marks a significant strategic shift for the bank.

For Q3 FY26, the bank reported revenue of ₹394.4 Cr (down 15% YoY) and PBT of ₹17.5 Cr (down 39% YoY). Despite this, EBITDA grew 6% to ₹63.9 Cr, with Net Revenue Margin expanding significantly to 37.5% (up 540 bps). Average deposits surged 32% to ₹2,496 Cr, driven by a 25% increase in CASA accounts to 1.68 Cr. Digitally active customers grew 22% to 59.8 lakh.

The bank's strategy is centered on a "Payments ++ Model," building a liability-backed lending franchise with a focus on a predominantly secured credit book and cross-selling. The outlook includes building an ₹8k-10k Cr AUM by FY30, targeting 20%+ Return on Equity and less than 1% credit cost, leveraging its extensive merchant network and digital capabilities for asset-light operations and a low-cost liability base.