Branch² Intelligence
Fino Payments Bank June update: Deposits rise 11%, loan referrals surge 3.5x
Key takeaway
Fino Payments Bank deposits up 11% to ₹2,755 crore, loan referrals surge 3.5x to ₹240 crore.
- Step 1Fino Payments Bank reports 11% deposit growth and 3.5x loan referral surge.
- Step 2Low-cost deposit base expands, lowering cost of funds; referral fees increase non-interest income.
- Step 3Improved profitability and capital position enable Fino to expand rural SME lending, displacing informal credit.
Source: IN:Mint
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