Results · Financial Services

Fino payments bank posts strong deposit growth in june

By Startup Enthusiast · 18 July 2026

What they do

Fino Payments Bank operates as a payments bank with plans to transition into a small finance bank

The bank added 3.1 lakh new deposit accounts in June, marking a 31% year-on-year increase

Digital engagement rose significantly with active customers up 22% and loan disbursals reaching ₹240 crore

Fino Payments Bank shares surged 29.16% during the week ending July 10.
The stock closed at ₹174.95 following strong performance metrics reported for June.
The bank added 3.1 lakh new deposit accounts in June compared to the previous year.
This represents a 31% year-on-year growth in the customer base for deposits.
Average deposits reached ₹2,755 crore, showing an 11% increase from the prior year.
Digitally active customers increased by 22% indicating stronger digital adoption among users.
Users of the FinoPay platform grew by 38% over the same period.
Loan disbursals totaled ₹240 crore, which is 3.5 times higher than last year.

Fino operates primarily as a payments bank serving retail customers.
It is pursuing a strategic transition to a small finance bank license.
The company focuses on building a large base of deposit accounts.
Digital platforms like FinoPay drive user engagement and transaction volume.
The bank offers loan products that saw significant disbursement growth.
Legacy payment services are seeing a slowdown in growth rates.
The institution aims to expand its financial inclusion footprint.
Digital channels are becoming increasingly important for customer acquisition.
The balance sheet shows healthy growth in average deposits.