FINOPB

Fino Payments Bank announced its business performance for April on May 8 after market hours, reporting steady growth in deposits and strong traction in its loan referral business. Average total deposits increased 13% year-on-year to ₹2,801 crore, reflecting sustained growth in the deposit franchise, signalling steady progress in its transition toward a more comprehensive banking model. New account openings rose 9% to 2.3 lakh in April, while renewal income, a proxy for customer retention, also grew 9% to ₹19.3 crore. The bank added that CASA now accounts for a growing share of its revenue base, which it expects will support meaningfully better margins in FY27 compared to FY26.