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Fino Payments Bank Rallies 13% on Strong June Business Update
Shares of Fino Payments Bank surged 13% on July 13, touching an intraday high of ₹153, after reporting a strong operational update for June 2026. The stock has also gained over 12% in the past month, outperforming the broader market.
Key Highlights (June 2026)
- New accounts opened: 3.13 lakh (+31% YoY), taking the total customer base to 1.8 crore.
- Average deposits: ₹2,755 crore (+11% YoY).
- Digitally active customers: 64.7 lakh (+22% YoY).
- FinoPay active users: 8.4 lakh (+38% YoY).
- Loan referral disbursals: ₹240 crore (+253% YoY).
- Renewal income: ₹20.8 crore (+6% YoY).
- Transaction throughput: ₹2,830 crore (-35% YoY) due to the continued shift from cash-based transactions to UPI, though the pace of decline has moderated.
About Fino Paytech & Fino Payments Bank
- Fino Paytech is the parent fintech company that pioneered assisted digital financial services in India through a vast merchant network.
- Fino Payments Bank offers savings accounts, remittances, UPI, Aadhaar Enabled Payment System (AePS), micro-ATMs, and digital banking services, with a strong focus on financial inclusion.
- The bank is the first Payments Bank to receive RBI's in-principle approval to transition into a Small Finance Bank (SFB), paving the way for entry into the lending business.
Why the Stock Moved
The rally was driven by strong growth in customer acquisition, deposits, digital engagement, and loan referral disbursals, which strengthened investor confidence in the bank's growth trajectory and upcoming transition into a Small Finance Bank. Meanwhile, the moderation in transaction throughput decline indicates improving stability in its payments business.
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