Fino Payments Bank deposits rise 9% in October, loans jump
In short
Fino Payments Bank said its average deposits rose 9% year on year to ₹2,886 crore in October. Loan referral disbursals jumped to ₹301 crore.
Transaction business throughput fell 18%. The update shows stronger deposits and lending activity, but weaker transaction volume.
What the reporting says
Fino Payments Bank’s average deposits rose 9% year on year to ₹2,886 crore in October, while loan referral disbursals surged to ₹301 crore. Transaction business throughput, however, declined 18%, showing mixed monthly trends in the bank’s operating metrics. The figures came in the bank’s October update, according to the publisher-supplied brief.
Why it matters
Fino Payments Bank reported October average deposits of ₹2,886 crore, up 9% year on year, and loan referral disbursals of ₹301 crore. At the same time, transaction business throughput fell 18%. The mixed update matters for investors and banking watchers because it shows stronger deposit and loan activity alongside a decline in transaction volume.