Fino Payments Bank posts ₹20.9 crore Q2 loss on margin compression

Fino Payments Bank has reported a second consecutive quarter of losses in Q2 FY27, with a net loss of ₹20.9 Cr, compared to a net profit of ₹15.4 Cr in the same period last year. This marks the second loss-making quarter for the company, following operational disruptions in February. The company's total income declined by 16.6% to ₹333.6 Cr, down from ₹400.1 Cr in the same quarter last year.

Fino's other income, which includes fees and commissions from its banking and payment services, fell by 23.8% year-on-year to ₹259.2 Cr, while its interest earned from investments and other sources rose by 24% to ₹74.5 Cr. However, the company's total expenditure, excluding provisions and contingencies, also decreased by 6.4% to ₹354.5 Cr, remaining above its total income.