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Fino Payments Bank Shares Surge 16.8% as Deposits and Referral Loans Rise

Shares of Fino Payments Bank climbed as much as 16.8% to an intraday high of ₹150.40 per unit on the National Stock Exchange on Thursday, October 8, compared with Wednesday’s closing price of ₹128.76. At about 10:54 a.m. the stock was trading at ₹146.33, an 11.24% increase on the day. The rally followed the bank’s business update for the July‑September quarter of the 2026‑27 financial year (Q2 FY27).

In Q2 FY27 the bank reported a 13% year‑on‑year rise in its average total deposits, which reached ₹2,794 crore. For comparison, the second quarter of the 2025‑26 fiscal year (Q2 FY26) saw average total deposits of ₹2,480 crore, as per a regulatory filing. Renewable income also grew 20% YoY to ₹28 crore, up from ₹23.3 crore in the same period last year. The bank’s referral loan disbursals surged to ₹278 crore in the quarter, a 223% YoY jump from ₹86 crore in the quarter ended September 30, 2025.

Digitally active customers increased 13% YoY to 64.9 lakh, up from 57.3 lakh a year earlier. FinoPay Active customers rose 12% YoY to 8.1 lakh, compared with 7.2 lakh in Q2 FY26. However, the number of accounts opened fell 17% YoY to 2.45 lakh (2,44,763) versus 2.95 lakh (2,94,846) in the September quarter of FY26. Transaction business throughput declined 10% YoY to ₹3,469 crore in the quarter ended September 30, 2026, compared with ₹3,866 crore in the same period last year, while cash management system (CMS) throughput advanced 10% YoY to ₹6,918 crore from ₹6,281 crore.

The share price has risen more than 11% in the past week and 2% over the month, but remains down over 44% on a year‑to‑date basis. It previously hit a 52‑week high of ₹339 on October 21, 2025, and a year’s low of ₹110.03 on March 25, 2026. As of October 8, 2026, Fino Payments Bank’s total market capitalisation was ₹1,236.04 crore. Also read: HDFC Bank declines after foreign investors cut 2.43% stake in September quarter; shares down 29% YTD.