Fino Payments Bank Bets on Digital Recovery; Eyes SFB License Soon | Rishi Gupta | Business #ETNOW
Fino Payments Bank Bets on Digital Recovery; Eyes SFB License Soon | Rishi Gupta | Business
Fino Payments Bank Bets on Digital Recovery; Eyes SFB License Soon | Rishi Gupta | Business
Rishi Gupta, MD & CEO of Fino Payments Bank, joined ET Now to break down the bank’s Q2 performance and outlook for FY26.
Despite a decline in other income due to regulatory changes impacting digital payments and domestic money transfers, Gupta said the bank’s core CASA franchise remains strong — contributing 40% of total revenues and growing 21% YoY.
Margins expanded 575 basis points, driven by a low-cost deposit base and improved business mix.
He expects a rebound in digital transactions by Q3–Q4 and 20–25% topline growth for FY26, even as the low-margin remittance business continues to shrink.
#finopaymentsbank #rishigupta #digitalbanking #casabusiness #smallfinancebank #etnow #bankingnews
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