Shares of Fino Payments Bank rallied 13.34% to Rs 145.80 during Thursday’s trading session after the bank released its business performance update for September 2026.
The bank reported continued growth across key business segments, with its Current Account and Savings Account (CASA) base rising to 1.91 crore. Renewal income increased 20% year-on-year to Rs 28 crore in September 2026, compared with Rs 23.3 crore in the year-ago period.
The bank's average total deposits rose 13% YoY to Rs 2,794 crore, while digitally active customers increased 13% to 64.9 lakh. FinoPay active customers also grew 12% to 8.1 lakh.
In the transaction business, throughput declined 10% YoY to Rs 3,469 crore from Rs 3,866 crore. Meanwhile, the Cash Management Services (CMS) segment recorded a 10% increase in throughput to Rs 6,918 crore from Rs 6,281 crore.
The bank's loan referral business witnessed strong growth, with disbursals surging 223% YoY to Rs 278 crore in September 2026, compared with Rs 86 crore in the same month last year.
However, deposit accounts opened during the month declined 17% YoY to 2.45 lakh from 2.95 lakh. B2B UPI P2M throughput stood at nil in September 2026, compared with Rs 961 crore in the year-ago period.
The bank said the increase in its CASA base, strong growth in renewal income, sustained progress in the CMS segment and a sharp rise in loan referral disbursals continued to reinforce its growth momentum.
Following Thursday’s sharp surge, Fino Payments Bank’s market capitalisation stood at around Rs 1,221 crore. Despite the recent gains, the stock continues to trade well below its 52-week high of Rs 339.
According to technical data from Trendlyne, the stock is currently trading below four of its eight Simple Moving Averages (SMAs).
Bank disclosure: The information is based on provisional and unaudited numbers.
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