Fino Payments Bank releases Q1 FY27 earnings call transcript, highlights SFB transition progress
Fino Payments Bank released its Q1 FY27 earnings call transcript. The bank is on track for its Small Finance Bank (SFB) transition, aiming for RBI submission by Q4 FY27. Referral loan disbursements reached ₹628 crores in Q1 FY27. Net revenue margin improved to 42.8%, and average deposits grew 12% YoY to ₹2,772 crores.
The announcement provides an update on the company's progress towards becoming a Small Finance Bank, a significant strategic shift. While the transcript details ongoing efforts and positive indicators, it also mentions challenges in certain business segments, suggesting a moderate impact on immediate financial performance.
The company is progressing well with its Small Finance Bank transition, has seen improvements in key financial metrics like net revenue margin, and is focused on strategic growth areas like referral lending, indicating a positive outlook despite some short-term challenges.
Fino Payments Bank Limited has released the transcript of its earnings call with investors and analysts held on August 14, 2026. The call, hosted by Go India Advisors LLP, featured insights from Interim CEO Ketan Merchant, Interim CFO Anup Agarwal, and Chief Digital and Liabilities Officer Tejas Maniar.
During the call, management acknowledged that Q1 FY27 was a challenging quarter, partly due to the pausing of a profitable B2B business for recalibration. However, the bank is focusing on retail segment growth, customer acquisition, and referral lending, with referral loan disbursements reaching ₹628 crores in Q1 FY27, nearly 50% of FY26's total. The bank remains on track for its Small Finance Bank (SFB) transition, expecting to submit its readiness to the RBI by the end of Q4 FY27. PricewaterhouseCoopers has been appointed to support the SFB implementation, and technology partners are onboard for the lending platform.
Key financial highlights include a net revenue margin expansion to 42.8% in Q1 FY27, a sequential increase of 275 basis points. Average total deposits grew 12% year-on-year to ₹2,772 crores, with CASA contributing 54% to revenue. The bank added 8.4 lakh new accounts, bringing the total to 1.83 crore. Digitally active customers increased by 22% year-on-year to 64.6 lakhs.
Management expressed confidence in Fino Payments Bank's three core strengths: a strong liability franchise with a low cost of funds (1.4%), a predominantly secured and asset-light lending model, and a technology-led operations platform. The bank anticipates a NIM of 8% to 9% post-transition to an SFB, with a blended portfolio yield of approximately 14% on secured lending.
The bank is also working on relaunching its B2B UPI P2M segment, tentatively in Q4 FY27, and is addressing RBI stipulations regarding the BC business. The transition to SFB is proceeding as per the 18-month timeline provided by the RBI, ending June 5, 2027.
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Fino Payments Bank Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. 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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