Fino Payments Bank Ltd.
NSE: FINOPB · Finance
Sector
Finance
Size band
Small cap
Market cap
1,051cr
P/E
15.2
ROE
13.7%
No price is shown on this page, live or delayed. It records what management said on the earnings call, and the company’s filings.
Measured against
Peer set
Finance - others · 10 measured at Q1 FY27 · financials via Screener| Company | Operating margin | Revenue growth |
|---|---|---|
| JIO Financial Services Ltd. | 70.0% | 227.5% |
| Max Financial Services Ltd. | 1.1% | 16.8% |
| 360 One Wam Ltd. | 63.0% | 34.6% |
| Nuvama Wealth Management Ltd. | 53.0% | 22.5% |
| KFin Technologies Ltd. | 34.0% | 30.3% |
| SBFC Finance Ltd. | 36.0% | 26.5% |
| Muthoot Microfin Ltd. | 17.0% | 19.7% |
| Fino Payments Bank Ltd. | −295.0% | 18.0% |
| Crest Ventures Ltd. | 33.0% | −52.4% |
| STEL Holdings Ltd. | −110.0% | −85.9% |
| GFL Ltd. | 28.2% | 12.0% |
What management said
10 statements on recordEarnings call · Q1 FY27 · 18 Aug 2026
- Small Finance Bank readiness submission→submit our readiness to the Reserve Bank of India by end of Quarter 4 FY27· Q4 FY27
“We continue to expect that all required milestones will be completed within the prescribed 18-month timeline, and we remain on course to submit our readiness to the Reserve Bank of India by end of Quarter 4 FY27.”
- Technology stack readiness→ready by Feb '27· Feb '27
“In parallel, technology stack for the end-to-end customer loan journey is under development and is expected to be ready by Feb '27.”
- Secured lending mix→90% secured book of lending· SFB portfolio
“And second, what we are looking at is 90% secured book of lending for our SFB portfolio with an average portfolio yield of around 14%.”
- Average portfolio yield→around 14%· SFB portfolio
“So considering all that, we are looking at a blended portfolio yield of 14%, which will be better off than a lot of competitive players in the market, which are largely NBFCs in our target segment.”
- NIMs→8% to 9%· SFB perspective
“So from an SFB perspective, with the kind of asset products which we are looking at, we expect our NIMs, and that may not answer your ROE question fully, but at least NIMs, which is highest in the industry, which we are looking at anywhere in the range of 8% to 9%.”
- ROE→20%-plus on ROEs· until further update
“Yash Singh: So can I assume the earlier guidance of 20%-plus on ROEs will hold still until further update then? Anup Agarwal: Yes. Absolutely.”
- SFB opex→anything around INR10 crores on this year's P&L· this year
“So, in terms of the burden on opex this year, we are anticipating anything around INR10 crores on this year's P&L in terms of the SFB opex which includes hiring, which includes all the other related opex for the bank.”
- Credit deposit ratio→around 70%· first 3 years
“So currently, as per our business plan, we are looking at 2 main ratios. One is the credit deposit ratio, we are looking at around 70%. So we are not looking at aggressive lending book right now as per the plan for the first 3 years.”
- CASA ratio→around 65%
“So we are looking at a CASA ratio of around 65%.”
- New branches→40 new branches· year 1
“So we intend to open in year 1, 40 new branches as well, and that is part of our plan as well.”
Taken from management commentary on the company’s earnings call and quoted verbatim. These are statements of intent made by the company, not forecasts by Bharatstox, and nothing here records whether they were met.
On air
2 calls · outcomes not trackedRecorded as stated on air, with the analyst's SEBI registration status where it was given. Anchor calls carry no registration and are marked. Bharatstox does not make, endorse or repeat these calls, and none of them is our view.
| Channel & show | Aired | Stated target | Stated stop | Outcome |
|---|---|---|---|---|
| Zee BusinessZee Business · no registration attached | 8 Oct | +2.5% | -2.9% | still open |
| Zee BusinessZee Business · no registration attached | 8 Oct | +3.1% | -2.3% | still open |
Shareholding
change across 4 filings| Category | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Change |
|---|---|---|---|---|---|
| Promoters | 75.0 | 75.0 | 75.0 | 75.0 | 0.0 |
| Foreign institutions | 0.3 | 1.3 | 2.7 | 2.7 | −2.4 |
| Domestic institutions | 0.0 | 0.4 | 0.5 | 3.4 | −3.4 |
| Retail & others | 24.7 | 23.3 | 21.9 | 19.0 | +5.7 |
As filed with the exchange for the periods ending Sep 25 to Jun 26.
Filings
latest 25 of 405- General Updates14 Oct 2026
- General Updates7 Oct 2026
- Appointment1 Oct 2026
- Outcome of Board Meeting1 Oct 2026
- Shareholders meeting29 Sept 2026
- Appointment29 Sept 2026
- Shareholders meeting29 Sept 2026
- Trading Window24 Sept 2026
- Business Performance Update - August 202610 Sept 2026
- General Updates10 Sept 2026
- Copy of Newspaper Publication8 Sept 2026
- Post-Dispatch Newspaper Publication for the 10th Annual General Meeting of the Bank scheduled to be held on Tuesday, September 29, 2026 is enclosed herewith.8 Sept 2026
- Updates7 Sept 2026
- Business Responsibility and Sustainability Report for the financial year ended March 31, 2026 is enclosed herewith7 Sept 2026
- Annual Report of Fino Payments Bank Limited for the financial year ended March 31, 2026 is enclosed herewith.7 Sept 2026
- Notice of the 10th Annual General Meeting of Fino Payments Bank Limited to be held on Tuesday, September 29, 2026, is enclosed herewith7 Sept 2026
- Shareholders meeting7 Sept 2026
- Appointment of Head - Branch Banking4 Sept 2026
- Appointment4 Sept 2026
- Newspaper publication for the 10th Annual General Meeting of the Bank scheduled to be held on Tuesday, September 29, 20264 Sept 2026
- Copy of Newspaper Publication4 Sept 2026
- Change in Management26 Aug 2026
- Approval of RBI for extension of tenure of Mr. Ketan Merchant as Interim CEO26 Aug 2026
- Extension of tenure of Mr. Ketan Merchant as Interim CEO of the Bank24 Aug 2026
- Change in Management24 Aug 2026
The 25 most recent of 405 filings we hold for FINOPB, back to January 2024. Every filing, by day.
Disclaimer
Guidance is quoted from management commentary on quarterly earnings calls; the words are the company's own and the targets are theirs, not ours. Peer comparisons use quarterly financials sourced from Screener, with every company measured at the same fiscal quarter; the peer set is companies sharing the same industry classification, and comparisons are descriptive, not a ranking or a view. Broadcast calls are reproduced as stated on air, attributed, with the analyst's SEBI registration status where given; they are not our calls and not our view. Filings are reproduced as companies filed them to the NSE and BSE; Bharatstox does not verify, endorse or comment on their contents. This page is for informational and educational purposes only and does not constitute investment advice, research, or a recommendation to buy or sell any security. Investing in securities markets is subject to market risks. Read all related documents carefully before investing.