Fino Payments Bank Reports 286% Loan Referral Growth In Q2 FY27, Net Loss At ₹34.6 Crore In H1 FY27

On October 29, 2026, Fino Payments Bank Ltd revealed its financial and operational metrics for the second quarter and half year of fiscal year 2027. Loan referral disbursals saw a remarkable 286% year-on-year increase, totaling ₹762 crore in Q2 FY27. For the six months ending September 30, 2026, these disbursals amounted to ₹1,390 crore.

Revenue for Q2 FY27 was ₹333.6 crore, marking a 9% sequential increase. However, H1 FY27 revenue decreased by 25% year-on-year, reaching ₹640.5 crore. EBITDA for Q2 FY27 stood at ₹35.1 crore, a 19% quarter-over-quarter decline. For H1 FY27, EBITDA amounted to ₹78.2 crore, a 37% year-on-year decrease.

Net losses were recorded in both the first quarter and half year of FY27, amounting to ₹20.9 crore and ₹34.6 crore respectively. Total throughput for Q2 FY27 reached ₹1.16 lakh crore, with transaction count growing by 3% year-on-year and 6% quarter-on-quarter to 100.6 crore. The CASA customer base expanded 20% year-on-year to 1.91 crore as of September 30, 2026.

Fino Payments Bank CEO Ketan Merchant stated that the bank is in a consolidation phase, focusing on strengthening retail and B2B businesses. The growth in loan referral business validates their Small Finance Bank model. CFO Anup Agarwal highlighted that the CASA vertical contributed to 9% year-on-year revenue growth in Q2 FY27, with renewal income increasing 7% year-on-year to ₹74.6 crore, indicating robust customer retention.

The bank is preparing for its transition to a Small Finance Bank, receiving in-principle approval from the Reserve Bank of India on December 5, 2025. Senior leadership in Branch Banking, Liabilities, MSME, and Credit Risk have been onboarded, with progress in technology and infrastructure deployments.