Fino Payments Bank Q4 FY26 Referral Loan Disbursements Surge to ₹540 Crore
Fino Payments Bank's Q4 FY26 referral loan disbursements reached ~₹540 crore, on track for ~₹1,300 crore in FY26. This surge reflects strong rural credit demand. The bank is building credit capabilities as part of its strategy to become a Small Finance Bank.
The increase in referral loan disbursements and the strategic move towards becoming an SFB are significant developments that could impact the bank's future financial performance and market position.
The announcement highlights strong growth in referral loan disbursements, positive customer demand, and strategic progress towards becoming a Small Finance Bank, indicating a positive outlook.
Fino Payments Bank Limited has announced a strong surge in its referral lending business performance for the fourth quarter of FY26. As of March 20, 2026, the bank's Q4 FY26 referral loan disbursements have reached approximately ₹540 crore. This figure is expected to close at 90% of the combined disbursements from the first three quarters of FY26, which totaled around ₹700 crore. Consequently, the bank is on track to record close to ₹1,300 crore in referral loan disbursements for the entire fiscal year 2026.
This significant acceleration in disbursements is attributed to the growing demand for credit products, particularly in rural and semi-urban markets, and is supported by the bank's extensive merchant network and its partnerships with Non-Banking Financial Companies (NBFCs). Fino Payments Bank is actively developing its credit distribution capabilities as part of its long-term strategy to transition into a Small Finance Bank (SFB). The current pilot portfolio includes secured lending products such as Home Loans, Gold Loans, and Loans Against Property, alongside business loan offerings for merchants.
Mr. Ketan Merchant, Interim CEO, highlighted the strong demand for secured credit products, especially in rural and semi-urban areas, and emphasized how the referral lending model leverages the bank's distribution strength to understand customer credit needs. He also noted this as a crucial step towards becoming a diversified and differentiated Small Finance Bank with an asset-light business model. Mr. Darpan Anand, National Head (Channel Sales), added that the merchant network's deep local connect and customer trust are driving the adoption of credit products in underserved markets.
With over 20 lakh merchant points and 1.7 crore CASA customers, Fino Payments Bank facilitates last-mile access to formal credit. The bank also recently recorded its highest-ever deposit balance in March 2026, reinforcing its fundamentals and readiness for future growth. Fino Payments Bank processed ₹3.6 lakh crore in transactions in the first 9 months of FY26, with a 55% digital throughput. The bank received 'in-principle' approval from the RBI to convert into a Small Finance Bank on December 5, 2025.
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Fino Payments Bank Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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