Fino Payments Bank reports higher deposits and loan referrals in September
In short
Fino Payments Bank said its September numbers improved. Loan referral disbursals jumped 223% year-on-year to ₹278 crore, and average total deposits rose 13% to ₹2,794 crore.
This matters because it shows more money coming into the bank, but transaction business throughput fell 10%. The report does not say why the trends moved in different directions.
What the reporting says
Fino Payments Bank reported September performance gains, with loan referral disbursals rising 223% year-on-year to ₹278 crore and average total deposits up 13% to ₹2,794 crore. The publisher-supplied summary also said Cash Management Services throughput grew 10%, while transaction business throughput fell 10%. The report did not say what caused the mix of stronger deposits and weaker transaction throughput.
Why it matters
Fino Payments Bank reported September operating updates, including a 223% year-on-year jump in loan referral disbursals to ₹278 crore and a 13% rise in average total deposits to ₹2,794 crore. The summary also said Cash Management Services throughput rose 10% while transaction business throughput fell 10%. The immediate impact appears mixed for the bank’s business lines, and the reason for the weaker transaction throughput was not stated.