Small-Cap Payments Bank Stock Touches Four-Month High of Rs 189.47; New Accounts Rise 31% as Loan Referral Disbursals Surge 253% YoY

On Tuesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.47 per cent to 24,096.90, while the Bank Nifty index fell 1.16 per cent to 57,459.10. Despite the broader market weakness, Fino Payments Bank share price traded at Rs 176.21, up 9.22 per cent or Rs 14.88 from the previous close, after the company disclosed its monthly business performance update for June 2026.

The stock touched a four-month high of Rs 189.47 during the session, while the Intraday low stood at Rs 163.65. Trading volume stood at 3,710 lakh shares compared with the 30-day average volume of 298 lakh shares, marking the highest single-day trading volume since the bank's listing.

New Accounts And Deposit Base Continue To Grow

Fino Payments Bank opened approximately 3.13 lakh new accounts in June 2026, registering a growth of 31 per cent YoY from 2.39 lakh accounts opened in June 2025. The latest additions took the bank's total account base to approximately 1.8 crore.

Average total deposits increased 11 per cent YoY to Rs 2,755 crore from Rs 2,477 crore in the corresponding period last year. Renewal income also increased 6 per cent YoY to Rs 20.8 crore.

Digital customer engagement continued to increase during the period. Digitally active customers grew 22 per cent YoY to 64.7 lakh, while active users on the FinoPay mobile application increased 38 per cent YoY to 8.4 lakh.

Loan Referral Disbursals Surge 253 Per Cent YoY

Loan referral disbursals surged 253 per cent YoY to Rs 240 crore in June 2026 from Rs 68 crore in June 2025, marking the sharpest growth among the key business indicators reported by the bank.

As a payments bank, Fino Payments Bank is currently not permitted to undertake direct lending. Under its loan referral model, the bank facilitates credit for customers through lending partners.

The loan referral business forms part of the bank's longer-term lending strategy and is relevant to its proposed transition to a Small Finance Bank.
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Transaction Throughput Declines 35 Per Cent YoY

Total transaction throughput stood at Rs 2,830 crore in June 2026, declining 35 per cent YoY from Rs 4,373 crore in June 2025.

The transaction business has been affected by changes in payment behaviour, including the shift from cash-based remittance and micro-ATM transactions towards digital payment channels.

B2B digital throughput, which stood at Rs 3,100 crore in June 2025, recorded no activity in June 2026. The bank has been shifting its business mix towards merchant relationships and other business segments.

Small Finance Bank Transition In Focus

Fino Payments Bank has been working towards a transition to a Small Finance Bank. The SFB licence would expand the bank's product capabilities and allow it to undertake direct lending, subject to regulatory approval.

The growth in loan referral disbursals provides the bank with customer credit behaviour data and supports the development of its lending strategy. However, the transition remains subject to the regulatory process and approval from the Reserve Bank of India.

About Fino Payments Bank

Fino Payments Bank is a licensed payments bank operating across rural and semi-urban markets in India. The bank provides savings accounts, remittance services, digital payments and insurance distribution through its banking network.

The bank operates through a network of banking correspondents and micro-ATM points and had approximately 1.8 crore accounts as of June 2026. It has also been expanding its loan referral business as part of its broader lending strategy.

What are your thoughts on Fino Payments Bank's 253 per cent YoY growth in loan referral disbursals? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.