Fino Payments Bank surges after acquiring over 2.9 lakh customers in May'26
Mumbai, June 9 -- The average total deposits figure at the end of May 2026 was Rs 2,762 crore, up 10% YoY.
The bank's loan referral disbursals increased to Rs 210 crore, reflecting a growth of nearly 2.9x as compared to May 2025. The bank continues to focus on sourcing secured loan assets for its referral business.
In the transaction business, throughput dropped by 48% to Rs 2,546 crore in May 2026 from Rs 4,863 crore in May 2025. The bank stated that the moderation in throughput is primarily attributable to the overall ecosystem shift from cash to UPI and to a focus on higher-quality, more transacting merchants.
For the digital payments services segment, the bank has not recorded B2B digital throughput figure in May 2026. The number w...
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