Fino Payments Bank Limited — Investor Meet, 18-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Fino Payments Bank reported a challenging Q1 FY27, with a profitable B2B business paused, expected to relaunch in Q4 FY27. Despite this, net revenue margin hit a high of 42.8%, reflecting improved earnings quality. Fee-based income stood at ₹234 Cr. Referral loan disbursements surged to ₹628 Cr, focusing on secured lending. Deposits grew 12% YoY to ₹2,772 Cr, with a low 1.4% cost of funds. The bank is on track for SFB transition by Q4 FY27, strengthening technology and leadership. Management is confident, viewing FY27 as a consolidation year, with the worst behind and geared for accelerated growth leveraging its low-cost liability and asset-light lending model.