Fino Payments Bank Reports Q4 FY26 Results, Reappoints Chief Risk Officer
Fino Payments Bank reported Q4 FY26 net profit of ₹7.10 crore and FY26 net profit of ₹52.46 crore. The Board approved the financial results with an unmodified auditor's report. Mr. Aninda Mukherjee was re-appointed as Chief Risk Officer for three years from May 3, 2026. Deposits grew to ₹2,379.49 crore.
The financial results are positive, and the re-appointment of the Chief Risk Officer is significant for governance. However, the ongoing legal issues with the MD & CEO and the transition to a Small Finance Bank introduce some uncertainty, balancing the overall impact.
The financial results show profitability, and the re-appointment of a key management personnel is a positive development. The auditor's unmodified opinion further strengthens the positive sentiment.
Fino Payments Bank Limited announced the outcome of its Board Meeting held on April 29, 2026. The Board approved the Audited Financial Results for the financial year ended March 31, 2026, and the Un-audited Financial Results for the fourth quarter ended March 31, 2026. The Statutory Auditors, M/s. Bilimoria Mehta & Co., issued an unmodified opinion on the financial results for the fiscal year.
Additionally, the Board approved the re-appointment of Mr. Aninda Mukherjee as the Chief Risk Officer for a tenure of three years, effective from May 3, 2026, to May 2, 2029. Mr. Mukherjee brings over 28 years of experience in banking and financial risk management.
The financial results for the quarter ended March 31, 2026, showed a Net Profit of ₹710 lakhs (₹7.10 crore) and for the year ended March 31, 2026, a Net Profit of ₹5,246 lakhs (₹52.46 crore). The Capital Adequacy Ratio stood at 83.95% as of March 31, 2026. Deposits grew to ₹2,37,949 lakhs (₹2,379.49 crore) and Borrowings increased to ₹1,53,530 lakhs (₹1,535.30 crore) as of the same date.
The announcement also highlighted the arrest of MD & CEO, Mr. Rishi Gupta, in February 2026, and the subsequent appointment of interim management. Mr. Gupta was granted bail in March 2026, and as of the approval date, there was no material impact on the bank's financial position. The bank is also progressing towards transitioning into a Small Finance Bank, having received in-principle approval in December 2025.
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Fino Payments Bank Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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