Fino Payments Bank FY25 Profit Jumps 26%

29 Apr 2025 , 11:48 PM

Fino Payments Bank has registered a 25% year-on-year increase in revenue for FY25 at ₹1,847 crore, on the back of high digital uptake and strategic emphasis on high-margin products.

The growth in revenue was aided by a steep increase in demand for products such as Current Account Savings Account (CASA) and Cash Management Services (CMS). Bank’s Profit Before Tax (PBT) increased by 26% year-on-year to ₹108.3 crore, reflecting regular profitability for the fifth year running, a recognition among payments banks.

Average deposits increased by 37% as compared to last year at ₹1,849 crore, evidencing increasing client confidence and behaviour of savings. CASA roll-over income reported a 48% year-on-year increase and stood at ₹190 crore for FY25.

The bank’s healthy digital performance was spearheaded by its digital transaction services and UPI, both of which settled more than ₹4.6 lakh crore in transactions over the year, growing 29% from FY24.

Digital throughput alone contributed ₹2.25 lakh crore during this, registering a gigantic 70% y-o-y increase, depicting customer preference swaying towards digital banking.

The customer base at Fino Payments Bank grew to 1.43 crore as more than 33 lakh new accounts were opened during FY25. The CMS client base grew 11% to 230 clients, and CMS transaction throughput grew 24% to ₹83,451 crore.

The bank spent more than ₹150 crore on technology infrastructure in FY25, reflecting its digital-first strategy. It is also in the process of moving to the Finacle core banking platform, with the migration expected to be completed by Q1 FY26. Online payment services now account for 15% of the total revenue of the bank, versus only 2% at the same time last year indicating effective digital monetisation.