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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
52 announcements match the current filters (relevance ≥ 5).
Fino Payments Bank to Host Investor Call on March 2 Regarding GST Matter
Fino Payments Bank (FINOPB) has scheduled an emergency group analyst and investor conference call for March 02, 2026, at 8:00 AM IST. The primary purpose of this call is to provide clarifications on a recent GST-related development that was disclosed by the bank on February 27, 2026. The call is being organized at short notice, indicating the bank's intent to manage investor sentiment regarding the tax matter. The session will be moderated by Go India Advisors and will not include any unpublished price sensitive information.
Key Highlights
Conference call scheduled for Monday, March 02, 2026, at 8:00 AM IST.
Meeting specifically addresses recent GST developments disclosed on February 27, 2026.
Call hosted by Go India Advisors with universal dial-in numbers +912262801557 and +912271158383.
The bank confirms that no unpublished price sensitive information (UPSI) will be shared during the interaction.
👀 What to Watch
Investors should monitor the call's outcome or transcript to understand the potential financial impact of the GST matter on the bank's bottom line. The short-notice nature of the call suggests a need for clarity on a potentially sensitive regulatory issue.
Fino Payments Bank Clarifies Stance on GST Investigation Involving Program Managers
Fino Payments Bank has issued a clarification regarding an ongoing GST investigation involving third-party program managers who work with several banks. The bank and its MD & CEO, Rishi Gupta, have explicitly stated they have no involvement in the actions of these program managers. Management assured investors that business operations remain uninterrupted and the bank continues to be compliant with all GST laws. The bank is extending full cooperation to the authorities and maintains that its corporate governance framework remains robust.
Key Highlights
Clarification follows a previous disclosure dated February 27, 2026, regarding a GST investigation.
The investigation targets program managers who maintain relationships with multiple banking institutions including Fino.
MD & CEO Rishi Gupta and the bank's management denied any connection to the actions of the program managers.
Management confirmed that there will be no impact on customer services or daily business operations.
The bank reiterated its commitment to legal compliance and is cooperating with the ongoing judicial process.
👀 What to Watch
Investors should monitor for any further regulatory updates or potential financial implications arising from the investigation into the bank's partners. While the bank denies direct involvement, the outcome of the probe into its program managers is a key monitorable.
Fino Payments Bank MD & CEO Rishi Gupta Arrested in GST Case; CFO Appointed Interim Head
Fino Payments Bank's MD & CEO, Rishi Gupta, was arrested on February 27, 2026, under the CGST and SGST Act, 2017. The bank clarified that the investigation relates to its business partners and not the bank's own GST compliance. To ensure continuity, the Board has appointed CFO Ketan Merchant as the Head of the Organization to oversee daily operations. While the bank claims no immediate financial impact, the arrest of a top executive is a critical governance event that may attract regulatory scrutiny.
Key Highlights
MD & CEO Rishi Gupta arrested under Section 132(1)(a) and 132(1)(i) of CGST and SGST Act, 2017
CFO Ketan Merchant appointed as interim Head of Organization to manage day-to-day operations
Investigation pertains to business partners of the bank rather than the bank's own tax compliance
The arrest occurred on February 27, 2026, with the ground of arrest issued at 03:55 a.m. IST
The bank has officially reported the matter to the Reserve Bank of India (RBI)
👀 What to Watch
Investors should remain cautious as the arrest of a CEO introduces significant leadership and reputational risks. Monitor for any further regulatory action from the RBI or developments in the GST investigation.
Fino Payments Bank Seeks MD Rishi Gupta's Re-appointment and ₹5.70 Cr Remuneration Approval
Fino Payments Bank has initiated a postal ballot to seek shareholder approval for the re-appointment of Mr. Rishi Gupta as MD & CEO for a three-year term effective May 2, 2026. The bank is also seeking approval for his FY 2024-25 total remuneration of ₹5.70 crore, which includes a fixed pay of ₹2.44 crore and a variable pay of ₹3.26 crore. The variable component is split equally between cash and share-linked instruments, both subject to RBI-mandated deferral schedules. This move aims to ensure leadership continuity as the bank executes its long-term growth strategy.
Key Highlights
Proposed re-appointment of Rishi Gupta as MD & CEO for a 3-year term from May 2, 2026, to May 1, 2029.
Total remuneration for FY 2024-25 proposed at ₹5.70 crore, including ₹2.44 crore fixed pay.
Variable pay of ₹3.26 crore is subject to malus and clawback clauses as per RBI guidelines.
E-voting period for shareholders is scheduled from February 28, 2026, to March 29, 2026.
Remuneration includes ₹1.63 crore in share-linked instruments deferred over a three-year vesting period.
👀 What to Watch
Investors should monitor the alignment of executive compensation with the bank's profitability and growth metrics. Leadership continuity is generally positive for stability, but shareholders should review the performance benchmarks associated with the variable pay.
Fino Payments Bank Q3 FY26: RBI SFB Approval & ₹10,000 Cr Loan Book Target by FY30
Fino Payments Bank has achieved a major milestone by receiving in-principle RBI approval to transition into a Small Finance Bank (SFB). While Q3 FY26 revenue declined 15% YoY to ₹394.4 crores due to moderation in legacy transaction segments, the core CASA revenue grew 17% YoY to ₹162.8 crores. The bank maintains a structurally low cost of funds under 2% with ₹3,000 crores in low-cost deposits, providing a strong foundation for its upcoming lending business. Management targets a loan book of ₹8,000-₹10,000 crores and an ROE exceeding 20% by FY 2030.
Key Highlights
Received in-principle RBI approval to transition into a Small Finance Bank, the first payments bank to do so.
Average CASA deposits grew 32% YoY to ₹2,496 crores, with cost of funds remaining under 2%.
Targeting a loan book of ₹8,000 to ₹10,000 crores by FY 2030 with expected NIMs of approximately 10%.
Digital throughput now accounts for 56% of total throughput, reflecting a structural shift toward scalable digital activity.
EBITDA margin for Q3 FY26 improved to 16.2% despite revenue moderation in transaction-led segments.
👀 What to Watch
Investors should focus on the SFB transition as a long-term value creator that shifts the bank from a fee-based model to a high-margin lending model. Monitor the bank's ability to maintain low credit costs (targeted sub-1%) as it begins scaling its MSME and gold loan portfolios.
Fino Payments Bank Q3 Net Profit Falls 47% YoY to ₹12.25 Cr; Re-appoints Internal Audit Head
Fino Payments Bank reported a weak financial performance for the quarter ended December 31, 2025, with Net Profit declining 47% year-on-year to ₹12.25 crore. Total Income saw a contraction to ₹394.41 crore from ₹461.34 crore in the same period last year, primarily due to a significant drop in 'Other Income' which includes transaction fees. The bank also recorded an exceptional expense of ₹3.1 crore related to the implementation of new Labour Codes. Despite the earnings pressure, the bank maintains a very high Capital Adequacy Ratio of 73.15%.
Key Highlights
Net Profit for Q3 FY26 fell to ₹1,225 lakhs compared to ₹2,311 lakhs in Q3 FY25.
Total Income decreased by 14.5% year-on-year to ₹39,441 lakhs.
Other Income, representing fee and commission business, dropped to ₹33,145 lakhs from ₹41,199 lakhs YoY.
Capital Adequacy Ratio stood at 73.15%, down from 80.45% in March 2025 but still well above regulatory requirements.
Mr. Prayag Shashikant Gadgil re-appointed as Head of Internal Audit for a two-year term starting February 2026.
👀 What to Watch
Investors should exercise caution as the significant drop in fee-based income suggests a slowdown in transaction volumes or margin pressure. Monitor management's guidance on how they plan to arrest the decline in 'Other Income' which is critical for the payments bank model.
Fino Payments Bank Q3 Net Revenue Margin Hits 37.5%; Deposits Grow 32% YoY to ₹2,496 Cr
Fino Payments Bank reported a 15% YoY decline in Q3 revenue to ₹394.4 Cr, driven by a strategic shift toward higher-margin ownership products. Despite the revenue dip, Net Revenue Margins expanded significantly by 540 bps to 37.5%, and EBITDA grew 6% YoY to ₹63.9 Cr. The bank is making significant progress in its transition to a Small Finance Bank (SFB), having successfully migrated to the Finacle core banking platform in January 2026. Operational metrics remain strong with a 32% YoY surge in average deposits and a 25% increase in CASA accounts to 1.68 crore.
Key Highlights
Average deposits grew 32% YoY to ₹2,496 Cr with a industry-leading low cost of funds at 1.7%.
Net Revenue Margin expanded by 540 bps YoY to 37.5% in Q3'26 due to a favorable product mix.
Digital throughput reached ₹66.1k Cr, up 12% YoY, now representing 56% of total throughput.
Successfully went live with Finacle Core Banking Platform, a critical milestone for SFB operationalization.
CASA accounts reached 1.68 crore, a 25% YoY growth, with renewal income rising 19% YoY.
👀 What to Watch
Investors should focus on the bank's successful transition milestones toward an SFB model and its ability to maintain a very low cost of funds. The expansion in margins despite lower gross revenue indicates a more sustainable and profitable business mix for the long term.
Fino Payments Bank Q3: EBITDA Up 6%, Average Deposits Grow 32% Amid SFB Approval
Fino Payments Bank reported a mixed Q3 FY26, with revenue declining 15% YoY to ₹394.4 crore due to a dip in traditional transaction business, though EBITDA margins hit a record 16.2%. A major strategic milestone was achieved with RBI's in-principle approval for conversion into a Small Finance Bank (SFB). Average deposits grew significantly by 32% YoY to ₹2,496 crore, and the customer base expanded 25% to 1.68 crore. However, PBT fell 39% YoY to ₹17.5 crore, impacted by a ₹3.1 crore one-off provision for the New Labour Code.
Key Highlights
Received RBI in-principle approval to convert into a Small Finance Bank, a first for the payments bank sector.
Average deposits surged 32% YoY to ₹2,496 crore, while customer average balance rose 9% to ₹1,314.
EBITDA grew 6% YoY to ₹63.9 crore with record margins of 16.2%, up 300 bps YoY.
PBT declined 39% YoY to ₹17.5 crore, including a ₹3.1 crore impact from New Labour Code provisions.
Successfully migrated Core Banking System to Finacle in Jan'26 to support future SFB operations.
👀 What to Watch
Investors should focus on the SFB conversion timeline as it will allow the bank to enter high-margin lending businesses. While short-term earnings are impacted by transition costs and provisions, the strong growth in deposits and digital throughput supports a positive long-term outlook.
Fino Payments Bank Q3 Net Profit Drops 47% YoY to ₹12.25 Cr; Total Income Declines
Fino Payments Bank reported a weak set of numbers for Q3 FY26, with net profit declining 47% YoY to ₹12.25 crore. Total income fell to ₹394.41 crore from ₹461.34 crore in the year-ago period, primarily due to a significant drop in fee-based 'Other Income'. The bank also recognized an exceptional cost of ₹3.1 crore related to the new Labour Code. While the Capital Adequacy Ratio remains exceptionally high at 73.15%, the sharp drop in Return on Assets (RoA) to 0.27% reflects operational pressure.
Key Highlights
Net Profit for Q3 FY26 fell 47% YoY to ₹12.25 crore compared to ₹23.11 crore in Q3 FY25.
Total Income decreased to ₹394.41 crore from ₹461.34 crore YoY, driven by a decline in 'Other Income' from ₹411.99 crore to ₹331.45 crore.
Operating profit before provisions and contingencies dropped to ₹20.55 crore from ₹28.45 crore YoY.
An exceptional item of ₹3.1 crore was recognized during the quarter as an estimated impact of the new Labour Code.
Capital Adequacy Ratio improved to 73.15% compared to 65.78% in the same quarter last year.
👀 What to Watch
The significant drop in fee-based income and overall profitability is a major concern for a payments bank model. Investors should remain cautious and monitor management's strategy to revive revenue growth in the 'Other Banking Operations' segment.
RBI Approves Re-appointment of Rishi Gupta as MD & CEO of Fino Payments Bank for 3 Years
Fino Payments Bank has received formal approval from the Reserve Bank of India (RBI) to re-appoint Mr. Rishi Gupta as Managing Director & CEO. The new term will span three years, effective from May 02, 2026, until May 01, 2029. Mr. Gupta is a founding member of the group with over 31 years of experience and was instrumental in the bank's successful listing on the stock exchanges. This leadership continuity is expected to maintain the bank's strategic focus and regulatory compliance standards.
Key Highlights
RBI approved re-appointment for a 3-year term starting May 02, 2026, to May 01, 2029
Mr. Rishi Gupta has 31 years of industry experience and is a rank-holding Chartered Accountant
He was a founding member of Fino PayTech and has served as MD & CEO since the bank's inception
The re-appointment is still subject to final approval from the bank's shareholders
Under his leadership, Fino became the first Payments Bank to list on Indian stock exchanges
👀 What to Watch
Investors should view this continuity in leadership as a positive sign of stability and regulatory trust. No immediate action is required as the bank maintains its current strategic trajectory under an experienced founder-CEO.
Fino Payments Bank to Migrate Core Banking System to Finacle; Services Suspended Jan 8-10
Fino Payments Bank is migrating its Core Banking System (CBS) to the 'Finacle' platform to enhance its digital backbone and operational scalability. The migration is scheduled from 10:00 PM on January 8, 2026, to 11:59 PM on January 10, 2026. During this approximately 50-hour window, all banking services will be completely unavailable to customers. This strategic upgrade is intended to improve risk management, regulatory compliance, and the speed of launching new product features.
Key Highlights
Migration to the next-generation 'Finacle' Core Banking System platform starting January 8, 2026.
Total suspension of all banking services for approximately 50 hours during the transition period.
Strategic initiative aimed at improving system resilience, scalability, and faster time-to-market for products.
Bank has initiated proactive communication to customers to minimize disruption during the downtime.
👀 What to Watch
Investors should monitor the successful completion of the migration and watch for any post-implementation technical issues that could affect transaction volumes. The upgrade is a long-term positive for operational efficiency but carries short-term execution risk.
FINOPB Receives RBI In-Principle Approval for Small Finance Bank Conversion
Fino Payments Bank has received in-principle approval from the RBI to convert into a Small Finance Bank, marking a significant step for the company. This makes Fino the first Payments Bank to receive such an approval. As of September 30, 2025, Fino served 16 million customers through 2 million+ merchants covering 97% of India’s pin codes. The bank had a deposit base of over ₹2,300 crores with a cost of funds as low as 1.9%.
Key Highlights
Received ‘in-principle’ approval from RBI for conversion to Small Finance Bank on December 05, 2025
Served 16 million customers through 2 million+ merchants as of September 30, 2025
Deposit base of over ₹2,300 crores as of September 30, 2025
Cost of funds at 1.9% as of September 30, 2025
Processed ₹1.1 lakh crore in transactions in Q2 FY26
👀 What to Watch
This approval allows Fino to expand its product suite and customer base, potentially increasing profitability; investors should monitor the company's progress in meeting the conditions for final approval and the subsequent impact on its financial performance.
