Fino Payments Bank posts ₹20.9 crore Q2 loss in SFB shift
In short
Fino Payments Bank posted a ₹20.9 crore loss in the quarter while it prepares to become a small finance bank. A source summary says half-year loss reached ₹34.6 crore and revenue fell 25%.
Loan referral disbursals jumped 286% in the quarter, but other income fell 24% to ₹259 crore from ₹340 crore a year earlier. The report does not say when the transition will finish.
What the reporting says
Fino Payments Bank posted a ₹20.9 crore Q2 loss while preparing to transition into a small finance bank, according to the headline and source summaries. Business Standard says the bank also reported a ₹34.6 crore loss in H1FY27 as revenue fell 25%, while loan referral disbursals surged 286% in Q2. BusinessLine says other income fell 24% year-on-year to ₹259 crore from ₹340 crore.
Why it matters
Fino Payments Bank reported a quarterly loss as it works toward a small finance bank transition. The available summaries show weaker revenue and lower other income, even as loan referral disbursals rose sharply. This suggests the business is changing mix during the transition, but the reporting does not state the timeline, the exact drivers of the loss, or whether the referral growth will offset the decline in income.