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RBI approved a three-month tenure extension for Mr. Ketan Merchant as Interim CEO. This ensures leadership continuity at Fino Payments Bank through August 2026.
Fino Payments Bank MD & CEO Rishi Gupta resigned for early retirement. Ketan Merchant was appointed Interim CEO for three months to ensure leadership continuity.
Fino Payments Bank reported April 2026 operational updates, featuring 13% YoY deposit growth. Digital adoption increased significantly, supporting its transition towards a Small Finance Bank model.
Fino navigating transition to Small Finance Bank (SFB) amid regulatory headwinds. Q4 revenue dropped 31% YoY, but deposit base hit record ₹2,957cr and CASA grew 22% YoY.
Fino Payments Bank navigate a turbulent FY26, prioritizing risk-calibrated growth and regulatory compliance over aggressive expansion. Despite external headwinds, the bank achieved record deposit balances and successful migration to the Finacle core banking system.
Fino Payments Bank Limited has re-appointed Mr. Aninda Mukherjee as Chief Risk Officer for a three-year term effective May 3, 2026. The decision was approved during the Board Meeting held on April 29, 2026.
Fino Payments Bank reports FY26 revenue of ₹1,587.9 Cr, down 14% YoY, while net revenue margin expanded to 36.8%. The Bank received in-principle RBI approval for Small Finance Bank (SFB) conversion.
Fino Payments Bank reported FY'26 revenue of ₹1,587.9 Crore and stable net revenue of ₹584.4 Crore. The Bank achieved record total deposits of ₹2,957 Crore and a 40% net-revenue margin in Q4'26. Management highlighted strong momentum in referral lending and progress toward transitioning into a Small Finance Bank.
Fino Payments Bank Ltd reported revenue from operations of ₹64.1 Cr (+21.4% YoY) and net profit of ₹7.1 Cr (-70.4% YoY) for Q4 FY26.
Fino Payments Bank Limited reported an audited net profit of ₹52.46 Crore for the financial year ended March 31, 2026. Total income for the year stood at ₹1,587.93 Crore. The Board also approved the re-appointment of Mr. Aninda Mukherjee as Chief Risk Officer for a three-year tenure starting May 2026.
Fino Payments Bank successfully migrated its Core Banking System to Finacle, investing over ₹200 Crore. This scalable, future-ready platform supports the Bank’s transition to a Small Finance Bank (SFB). The upgrade enhances transaction throughput, accelerates product launches, and strengthens digital capabilities across UPI, merchant portals, and upcoming lending services.
Fino Payments Bank informed that MD & CEO Mr. Rishi Gupta was unavailable for over 45 days pending a fit and proper re-assessment. An Interim CEO has been appointed with RBI approval. The Bank reported stable operations and record-high deposit balances in March 2026, reinforcing its strong fundamentals during this leadership transition.
Fino Payments Bank Ltd reported net profit of ₹12.2 Cr (-47.2% YoY) for Q3 FY26.
Fino Payments Bank reported strong Q4FY26 performance with deposits reaching an all-time high of ₹2,950+ crore and loan disbursements of ~₹600 crore. While transaction businesses saw a temporary dip, the bank opened 7 lakh new accounts and achieved record renewal income of ₹62.2 crore, supporting its transition toward a Small Finance Bank.
Fino Payments Bank Limited has appointed Mr. Abhilash Ankathil as a senior legal professional for a three-year term starting April 6, 2026. Mr. Ankathil brings over 25 years of experience from the Reserve Bank of India (RBI), specializing in banking regulation and payment systems. This strategic hire strengthens the bank's legal and regulatory compliance framework.
Fino Payments Bank has appointed Mr. Abhilash Ankathil as Chief Compliance Officer for a three-year term effective April 06, 2026. A former RBI Deputy Legal Adviser with 25 years of experience, he strengthens the bank's senior management and regulatory oversight capabilities.