Fino Payments Bank August Deposits Rise 12% YoY

Fino Payments Bank reported a mixed business update for August 2026, with healthy deposit growth but weakness in new account additions and transaction throughput. Key Highlights • New Accounts Opened: 2.43 lakh | ↓22% YoY • Average Total Deposits: ₹2,821 Cr | ↑12% YoY • Renewal Income: ₹22.8 Cr | ↓4% YoY • Transaction Business Throughput: ₹3,770 Cr | ↓19% YoY • Digitally Active Customers: 65.6 lakh | ↑15% YoY • Loan Referral Disbursals: ₹243 Cr | ↑367% YoY Why It Matters The update shows a clear divergence in Fino’s business. Deposit growth remains healthy at 12%, strengthening its liability franchise even as new account additions slowed sharply. Meanwhile, the 19% decline in transaction throughput continues to reflect pressure on the transaction-led business. On the positive side, loan referral disbursals surged 367% YoY, an important area as Fino prepares for its proposed transition into a Small Finance Bank. Overall, August shows stronger deposits and lending momentum, but weaker customer acquisition and transaction activity.