FINO Payments Bank
- Market cap
- ₹ 1,015 Cr.
- P/E
- 41.4x
- P/B
- 1.3x
- 52-week range
- 110.03 – 326.7
- ROE
- 7%
- ROCE
- 5%
- Dividend yield
- 0%
- Debt / equity
- 1.91
- Sector
- Banks
- Industry
- Other Bank
- Listed on
- NSE, BSE
About
Fino Payments Bank Limited (FPBL) is an India-based scheduled commercial bank, which is engaged in providing digital based financial services. FPBL offers savings account, current account, BPay mobile banking and wallet application (app), loans, and insurance services. It also provides business and banking technology platform. The Company's savings account offers Aarambh savings account, Suvidha savings account, Shubh savings account, Pratham savings account, Saral salary account, Bhavishya savings account, and Jan savings account. The Company's current account offers Pragati current account and Sampann current account. The Company's insurance service consists of life and health insurance. The Company operates four bank branches and 130 customer service points.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Bank: 9 companies →FINO Payments Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)41.4 against a typical 14.6: pricier than most peers (1st = cheapest).8th of 9
- Sales growth+18% against a typical +22.6% from a year earlier.7th of 9
- Profit growth−177.8% against a typical +83.6% from a year earlier.6th of 6
- Share price, 3 months−25.8% against a typical −16.9%.8th of 9
- Size₹ 1,015.3 Cr. market value against a typical ₹ 2,133.4 Cr. (1st = largest).9th of 9
Latest announcements
Exchange filings and their impact on the company.
- Deposits, CMS and loan referrals grew strongly, offsetting weaker transactions and account openings.
Fino Payments Bank reported its September 2026 business update with average total deposits up 13% to Rs 2,794 crore and CASA base at 1.91 crore accounts. Renewal income rose 20% to Rs 28 crore, CMS throughput rose 10% to Rs 6,918 crore, and loan referral disbursals surged 223% to Rs 278 crore. This was partly offset by a 17% fall in accounts opened and a 10% fall in transaction throughput, with B2B UPI throughput nil versus Rs 961 crore last year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB+ Rating Watch with Developing Implications/[ICRA]A2+ Rating Watch with Developing Implications | — | 10 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Mar 2026 | Rating action | [ICRA]BBB+ Rating Watch with Developing Implications/[ICRA]A2+ Rating Watch with Developing Implications | — | ICRA | ₹ 294.54 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2026 |
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 29 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 30 Jul 2025 | Financial Results | To consider and approve the un-audited financial results for the period ended Jun 30, 2025 |
| 18 Apr 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37 | 39 | 41 | 45 | 48 | 49 | 53 | 61 | 60 | 63 | 64 | 72 |
| Expenses | 320 | 326 | 353 | 389 | 404 | 407 | 438 | 400 | 351 | 344 | 306 | 285 |
| Operating Profit | −284 | −287 | −312 | −343 | −357 | −358 | −385 | −339 | −291 | −281 | −242 | −213 |
| OPM % | −777% | −732% | −753% | −757% | −747% | −725% | −729% | −557% | −484% | −447% | −377% | −295% |
| Other Income | 322 | 331 | 360 | 392 | 408 | 412 | 441 | 392 | 340 | 328 | 275 | 235 |
| Interest | 19 | 22 | 23 | 24 | 25 | 26 | 26 | 28 | 28 | 29 | 29 | 35 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 20 | 23 | 25 | 24 | 26 | 28 | 30 | 25 | 21 | 17 | 4 | −14 |
| Tax % | 0% | 0% | 0% | 0% | 18% | 19% | 19% | 28% | 28% | 30% | −73% | 0% |
| Net Profit | 20 | 23 | 25 | 24 | 21 | 23 | 24 | 18 | 15 | 12 | 7 | −14 |
| EPS in Rs | 2.35 | 2.74 | 3.03 | 2.92 | 2.54 | 2.78 | 2.88 | 2.13 | 1.84 | 1.47 | 0.85 | −1.65 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 65%
- 3 Years
- 38%
- TTM
- 23%
- 10 Years
- —
- 5 Years
- 21%
- 3 Years
- −5%
- TTM
- −72%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −26%
- TTM
- —
- 10 Years
- —
- 5 Years
- 12%
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| FINO Payments Bank | ₹ 121.03 | ₹ 1,015 Cr. | 41.4x | 1.3x | 7% | — |
| HDFC Bank | ₹ 692.10 | ₹ 10,66,990 Cr. | 16.5x | 2.2x | 13.7% | 25.6% |
| ICICI Bank | ₹ 1,395.00 | ₹ 10,01,336 Cr. | 19.3x | 2.9x | 16% | 25.9% |
| State Bank of India | ₹ 957.00 | ₹ 8,83,384 Cr. | 11.8x | 1.6x | 15.4% | 21.4% |
| Kotak Mahindra Bank | ₹ 430.10 | ₹ 4,27,849 Cr. | 20.2x | 2.1x | 11.4% | 24.5% |
| Union Bank of India | ₹ 178.50 | ₹ 1,36,260 Cr. | 6.6x | 1x | 15.8% | 33.2% |
Management
- Rishi Gupta
- Chief Executive Officer, Managing Director, Executive Director
- Ketan Merchant
- Chief Financial Officer
- Ashish Ahuja
- Chief Operating Officer
- Vinod Kumar
- Chief Information Officer
- Anand Bhatia
- Chief Marketing Officer
- Basavraj Loni
- Company Secretary, Compliance Officer - Head Legal
- Ashish Pathak
- Chief Compliance Officer
- Bharat Bhanushali
- Head - Business Technology and Core Banking of the Bank
Prices are delayed and for information only. Nothing on this page is investment advice.