Fino Payments Bank posts Q2 loss as referral loans jump
In short
Fino Payments Bank reported a loss in Q2 even though net interest income went up.
Its loan referral business grew fast, with disbursals up 286% to ₹762 crore in Q2FY27. The report says its move toward becoming a Small Finance Bank is hurting earnings, but it does not say how big the loss was.
What the reporting says
Fino Payments Bank reported a quarterly loss as its planned transition to a Small Finance Bank weighed on earnings, even though net interest income rose and its loan referral business grew. CNBC TV18 said loan disbursals through referrals jumped 286% year on year to ₹762 crore in Q2FY27, topping FY26's full-year level in the first half. The reporting does not state the size of the loss or the exact timing of the transition.
Why it matters
Fino Payments Bank reported a Q2 loss even as net interest income improved and its referral-led lending business expanded sharply. CNBC TV18 said loan disbursals through referrals rose 286% year on year to ₹762 crore in Q2FY27, already above FY26's full-year level in the first half. The report links weaker earnings to the planned transition to a Small Finance Bank, but does not state the loss amount or timeline.