Fino Payments Bank Posts INR 92.5 Cr Profit in FY25; Bets Big on Digital Transactions and CASA Growth in FY26
Fino Payments Bank has continued its profitable streak, registering its fifth consecutive fiscal year in the black, with a net profit of INR 92.5 crore for the financial year ending March 2025 (FY25). This reflects a 7% year-on-year (YoY) growth in net profit, underscoring the company’s steady financial performance amid an increasingly competitive digital banking space.
The bank also reported an impressive 25% YoY growth in its revenue, touching INR 1,847.1 crore in FY25. This solid top-line growth has been driven by the company’s ongoing push towards digital payments, strategic expansion of its customer base, and continuous innovation in banking services tailored to India’s underbanked and unbanked population.
Strategic Focus for FY26: Digital Transactions & CASA Growth
Looking ahead, CFO Ketan Merchant has laid out the key growth levers for FY26, with a clear focus on boosting digital transaction volumes and expanding Current Account and Savings Account (CASA) deposits. The emphasis on digital is in line with the growing demand for seamless, instant, and accessible financial services across urban and rural markets alike.
Merchant highlighted that Fino Payments Bank aims to deepen its digital footprint by further enhancing its Unified Payments Interface (UPI) services. The bank already offers a comprehensive suite of UPI products, including:
- QR Code-based Payments
- Credit on UPI
- UPI Lite for small-value transactions
- UPI Circle, a feature that promotes peer-to-peer payments within trusted user groups
- Other standard UPI offerings available to retail customers and merchants
By continuously upgrading its digital infrastructure and user experience, Fino intends to tap into India’s booming digital economy and the ever-expanding base of smartphone users in semi-urban and rural regions.
CASA Expansion as a Key Pillar
CASA deposits are another strategic focus area. These low-cost funds are crucial for enhancing the bank’s margin and profitability. Fino aims to onboard more retail customers by offering attractive interest rates, personalized services, and seamless digital onboarding, thereby growing its deposit base significantly.
The bank’s wide distribution network, which includes merchants, banking points, and mobile vans, gives it an edge in reaching remote locations where traditional banks often struggle to maintain presence. Fino’s ability to blend high-tech with high-touch remains a major competitive advantage.
A Robust Business Model
What sets Fino Payments Bank apart is its asset-light, transaction-led model. By not offering traditional loans, the bank avoids credit risk while focusing on fee-based revenue from a large volume of transactions. This approach has helped it scale efficiently without compromising on profitability.
With India’s financial inclusion mission gaining momentum, especially through government initiatives and fintech collaborations, Fino is well-positioned to benefit from this shift.
Conclusion
Fino Payments Bank’s robust performance in FY25 and its forward-looking strategy for FY26 reflect a strong commitment to growth through innovation, inclusion, and digital transformation. As it doubles down on digital payments and CASA deposits, Fino continues to carve a niche for itself in India’s evolving banking ecosystem.
Keywords: Fino Payments Bank, FY25 profit, digital transactions, CASA growth, UPI services, QR code, UPI Lite, Credit on UPI, Ketan Merchant, payments bank India, fintech news, banking strategy 2025
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