Fino Payments Bank Ltd. · NSE:FINOPB
Fino Payments Bank — Q2 FY2027 Earnings Presentation
33 slides from Fino Payments Bank's earnings presentation, Oct 29, 2026
Slide 1: Exchange filing cover letter
October 29, 2026 BSE Limited National Stock Exchange of India Limited P.J. Towers, Exchange Plaza, 5th Floor, Plot No. C/1, G Dalal Street, Block, Bandra - Kurla Complex, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 (Scrip Code: 543386) (Symbol: FINOPB) Dear Sir/Madam, Sub: Investor Presentation und
Slide 2: From Payments Bank to Small Finance Bank
From Payments Bank to Small Finance Bank Wider Deeper Stronger Reach Inclusion Tomorrow Taking complete Empowering individuals, A broader suite of services Investor Presentation Q2’27 & H1’27 banking to Bharat business and communities for sustainable growth
Slide 3: Table of Content
01 Key Business Updates 02 Financial Highlights 03 Product Performance TABLE OF CONTENT
Slide 4: Key Business Updates
Key Business Updates
Slide 5: Key Highlights of Q2'27 / H1'27
Key Highlights of Q2’27 / H1’27 Record Quarterly Renewal Income of ₹ 74.6 crore in Q2’27, a 7% YoY increase, reinforcing customer stickiness Sustained Growth in Loan Referral Disbursals with H1’27 disbursals of ₹ 1,390 crore exceeding full-year FY’26 levels by 8% Launch of New Products in Oct’26 : ‘
Slide 6: Performance At a Glance – Q2'27 (QoQ)
Performance At a Glance – Q2’27 (QoQ) Operational Highlights Financial Highlights Liability Franchise Digital Footprint Total Throughput Revenue CASA Accounts* Digital Throughput ₹ 115.8k Cr ₹ 333.6 Cr 1.91 Cr ₹ 64.0k Cr 4% 9% 4% 1% Transaction Net Revenue Average Total Digitally Active Count Margin
Slide 7: Performance At a Glance – Q2'27 (YoY)
Performance At a Glance – Q2’27 (YoY) Operational Highlights Financial Highlights Liability Franchise Digital Footprint Total Throughput Revenue CASA Accounts* Digital Throughput ₹ 115.8k Cr ₹ 333.6 Cr 1.91 Cr ₹ 64.0k Cr 1% 17% 20% 2% Transaction Net Revenue Average Total Digitally Active Count Marg
Slide 8: Performance At a Glance – H1'27 (YoY)
Performance At a Glance – H1’27 (YoY) Operational Highlights Financial Highlights Liability Franchise Digital Footprint Total Throughput Revenue CASA Accounts* Digital Throughput ₹ 226.8k Cr ₹ 640.5 Cr 1.91 Cr ₹ 127.4k Cr 5% 25% 20% 2% Transaction Net Revenue Average Total Digitally Active Count Mar
Slide 9: Core Growth Indicators - Quarterly
Core Growth Indicators - Quarterly Net Revenue Margin (%) CASA Contribution to Revenue Mix (%) Renewal Income (₹ Cr) 38.1 52.2 74.6 37.1 69.8 39.9 Q2'26 Q2'27 Q2'26 Q2'27 Q2'26 Q2'27 +96 bps YoY +9% YoY Revenue Growth 7% YoY growth Q2’27 Highlights ₹ 2,794 Cr 64.9 Lakh ₹ 762 Cr 1.91 Cr Average Total
Slide 10: Core Growth Indicators - Half Yearly
Core Growth Indicators - Half Yearly Net Revenue Margin (%) CASA Contribution to Revenue Mix (%) Renewal Income (₹ Cr) 40.3 53.1 142.1 132.9 36.7 35.2 H1'26 H1'27 H1'26 H1'27 H1'26 H1'27 +512 bps YoY +9% YoY Revenue Growth 7% YoY growth H1’27 Highlights ₹ 2,783 Cr 64.9 Lakh ₹ 1,390 Cr 1.91 Cr Averag
Slide 11: Operational Efficiency
Operational Efficiency 1,263 1,271 1,245 1,259 1,220 Daily Average Throughput (₹ Cr) 979 699 513 No. of 2,893 2,903 2,850 2,889 2,973 Employees FY'22 FY'23 FY'24 FY'25 FY'26 Q2'26 Q1'27 Q2'27 Throughput per 64.7 159.9 160.8* 153.7* 155.8* 2.5x times Employee (₹ Cr) *Annualised Sustained throughput p
Slide 12: Geographical Presence
Geographical Presence (in 000’s) Jammu & Kashmir 4.5 Himachal Pradesh 6.3 Punjab 52.0 Meghalaya 2.2 Uttarakhand 12.1 Haryana 55.7 Sikkim 2.5 Assam 42.0 Merchants* Branches & Delhi 39.4 Uttar Pradesh 356.3 (‘000) CSPs Tripura 6.5 Merchant / Mix Count / Mix Rajasthan 139.9 Bihar 280.7 2,079 / 100% 126
Slide 13: SFB Timeline
SFB Timeline • Identified senior • Complete onboarding Submission of Final leadership positions – of senior and middle Readiness to the RBI Discussions underway management team & • Technology stack • Finalisation of product, identification process and journeys Go Live Q2’27 Q4’27 1 2 3 4 5 Q1’27 Q3’
Slide 14: Financial Highlights
Financial Highlights
Slide 15: Bank Level Profit & Loss
Bank Level Profit & Loss Particulars (₹ Cr) Q2’26 Q1’27 Q2’27 YoY (%) QoQ (%) H1’26 H1’27 Revenue 400.1 306.9 333.6 16.6% 8.7% 853.5 640.5 Product Cost 251.4 175.7 206.5 17.9% 17.5% 553.0 382.2 Net Revenue 148.6 131.2 127.1 14.4% 3.1% 300.5 258.3 Net Revenue Margin % 37.1% 42.8% 38.1% 96 bps 464 bps
Slide 16: Financial Highlights - Quarterly
Financial Highlights - Quarterly Revenue (₹ Cr) EBITDA (₹ Cr) 400.1 61.6 333.6 306.9 43.1 35.1 15.4% 14.0% 10.5% Q2'26 Q1'27 Q2'27 Q2'26 Q1'27 Q2'27 PBT (₹ Cr) Cost-to-Income (%) 21.2 28.7% 27.6% 5.3% 21.7% (13.7) (20.9) Q2'26 Q1'27 Q2'27 Q2'26 Q1'27 Q2'27 Note: EBITDA margins mentioned inside the b
Slide 17: Financial Highlights – Half-yearly
Financial Highlights – Half-yearly Revenue (₹ Cr) EBITDA (₹ Cr) 853.5 734.4 123.3 119.9 640.5 78.2 14.4% 16.3% 12.2% H1'26 H2'26 H1'27 H1'26 H2'26 H1'27 PBT (₹ Cr) Cost-to-Income (%) 45.9 28.1% 21.6 22.3% 20.8% 5.4% 2.9% (34.6) H1'26 H2'26 H1'27 H1'26 H2'26 H1'27 Note: EBITDA margins mentioned insid
Slide 18: Product Revenue Mix
Product Revenue Mix ( ₹ Cr) YoY - (17%) 400.1 853.5 16%, 63.4 333.6 20%, 169.8 306.9 640.5 8%, 30.9 0%, 0.5 8%, 26.2 0%, 0.5 8%, 65.3 9%, 34.7 7%, 21.7 10%, 34.2 7%, 48.0 11%, 33.1 8%, 70.5 7%, 33.0 11%, 67.3 13%, 44.1 7%, 65.9 13%, 40.7 13%, 84.7 20%, 78.6 17%, 54.9 15%, 45.0 20%, 168.7 16%, 99.8 4
Slide 19: Product Portfolio – Growth & Margins
Product Portfolio – Growth & Margins Q2’27 Revenue H1’27 Revenue Q2’27 Revenue H1’27 Revenue Product (₹ Cr); (₹ Cr); Margins Mix Margins Mix YoY Growth YoY Growth 174.2 340.1 CASA* 49% 52% 51% 53% 9% 9% Transaction 54.9 99.8 7% 17% 10% 16% Business (30%) (41%) 26.2 48.0 CMS 25% 8% 27% 7% (15%) (26%)
Slide 20: Product Performance
Product Performance
Slide 21: Customer Acquisition to Ownership
Customer Acquisition to Ownership Q2’26 Q1’27 Q2’27 New CASA Accounts Opened (in lakh) 9.1 8.4 8.2 Rural 5.6 5.0 4.9 Semi-Urban 1.8 1.8 1.8 Urban 1.7 1.6 1.5 No. of CASA Accounts^ (in lakh) 159.0 183.0 191.2 YoY (%) 26% 22% 20% Accounts Opened per Day 9,893 9,281 8,873 Average Total Deposits (₹ Cr)
Slide 22: Average Total Deposits & Cost of Funds – Trend
Average Total Deposits & Cost of Funds – Trend 3.2x times in 4 years Average Total Deposits (₹ Cr) 2,772 2,794 2,646 2,681 Cost of Funds (%) 2,486 2,490 2,282 2,057 1,831 1,865 1,608 1,406 1,269 1,311 1,127 952 871 Edge over 2.2% 2.2% 2.2% competition 2.1% 2.1% 2.1% 2.1% 2.0% 2.0% 2.0% 2.0% 1.9% 1.9
Slide 23: D2C Customer: UPI – Quarterly
D2C Customer: UPI – Quarterly UPI P2M Throughput (₹ Cr) UPI P2M Count (Cr) 9,211 9,507 43.7 7,655 41.5 39.6 Q2'26 Q1'27 Q2'27 Q2'26 Q1'27 Q2'27 UPI P2P & P2M - Throughput P2P 14% 15% 16% Q2’26 Q1’27 Q2’27 ₹53,041 Cr ₹60,063 Cr ₹60,767 Cr P2M 86% 85% 84% Rising UPI adoption among Bank customers trans
Slide 24: D2C Customer: UPI – Half-yearly
D2C Customer: UPI – Half-yearly UPI P2M Throughput (₹ Cr) UPI P2M Count (Cr) 85.1 19,211 18,718 78.8 76.3 15,044 H1'26 H2'26 H1'27 H1'26 H2'26 H1'27 UPI P2P & P2M - Throughput P2P 16% 14% 15% H1’26 H2’26 H1’27 ₹1,05,869 Cr ₹1,16,771 Cr ₹1,20,830 Cr P2M 86% 84% 85% Rising UPI adoption among Bank cust
Slide 25: Newly Acquired Customers – UPI Activation Trend
Newly Acquired Customers – UPI Activation Trend Newly Acquired UPI Active Accounts Newly Acquired Non-UPI Active Accounts 36.9% 31.4% 30.3% Q2’26 Q1’27 Q2’27 68.6% 69.7% 63.1% Sustained same-quarter UPI activation among new customers, enhancing stickiness and deposit growth 24 #TowardsSmallFinanceBa
Slide 26: Loan Referral Business – Foundation for the Next Phase
Loan Referral Business – Foundation for the Next Phase Amount of Loans Disbursed (₹ Cr) 5x times 1,285 1,390 286% 762 628 368 261 197 165 FY'23 FY'24 FY'25 FY'26 H1'27 Q2'26 Q1'27 Q2'27 Customers 12,875 23,803 20,382 3,651 9,915 10,467 Partner Institutions H1’27 disbursals of ₹ 1,390 crore exceeding
Slide 27: Digital Payments – Fino Ecosystem
Digital Payments – Fino Ecosystem Q2’26 Q1’27 Q2’27 Digital Throughput (in ₹ Cr) 62,771 63,390 64,023 YoY (%) 32% (7%) 2% Digital Transaction Count (in Cr) 87.1 87.9 92.8 YoY (%) 33% 1% 6% UPI Transactions Ecosystem (in Cr) 5,911 6,826 7,224 Fino’s UPI Contribution (%) 1.45% 1.27% 1.27% Technical De
Slide 28: Digital & Non-Digital – Throughput Trend
Digital & Non-Digital – Throughput Trend Total Throughput Non-Digital Digital Revenue Generating ₹ 1,14,574 Cr ₹ 1,11,008 Cr ₹ 1,15,798 Cr 55% 57% 55% 54% 46% 48% Q2’26 Q1’27 Q2’27 45% 43% 45% ₹ 2,38,116 Cr ₹ 2,25,932 Cr ₹ 2,26,806 Cr 55% 58% 56% 56% 48% 47% H1’26 H2’26 H1’27 45% 42% 44% Currently u
Slide 29: Growing Soundbox Adoption
Growing Soundbox Adoption No. of Merchants* 5,383 3,998 2,951 1,979 170 Q2'26 Q3'26 Q4'26 Q1'27 Q2'27 Real-Time Settlements Quarterly Throughput (₹ Cr) Payment Acceptance Through Multiple Modes 17.30 12.86 Doorstep Installation 8.65 5.91 Voice Alerts for Every Payment 0.22 Q2'26 Q3'26 Q4'26 Q1'27 Q2
Slide 30: CMS – Sector Diversification
CMS – Sector Diversification Throughput ₹ 18,342 Cr ₹ 18,092 Cr + 13% ₹ 20,511 Cr 21% 39% 16% 47% 12% 10% 4% 3% Q2’26 Q1’27 Q2’27 2% 59% 46% 41% Throughput ₹ 38,769 Cr ₹ 33,152 Cr ₹ 38,603 Cr 25% 28% 16% 43% 14% 11% 4% 4% 3% H1’26 H2’26 H1’27 57% 52% 43% Financial Institutions CRA E-com (Logistic) R
Slide 31: Transaction Business
Transaction Business Throughput (₹ Cr) MATM AEPS DMT Revenue (₹ Cr) 12,628 1,545 10,384 78.6 8,007 926 10.8 54.9 7,243 1,179 45.0 28.3 6.7 6,565 4,381 8.5 23.6 15.2 3,839 39.5 2,446 2,893 21.3 24.6 Q2'26 Q1'27 Q2'27 Q2'26 Q1'27 Q2'27 26,850 168.7 3,330 19,990 23.8 18,391 121.3 58.5 99.8 2,439 2,105
Slide 32: Key Business Partners
Key Business Partners 31 #TowardsSmallFinanceBank
Slide 33: Thank You
Thank You Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai - 400 706 Email: investor_relations@fino.bank.in Tel: 022 – 7104 7000 Scan to locate