fino payment

Here are the latest updates on Fino Payments Bank as of June 7, 2025:

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### 📊 Financial Performance

* FY25 Results: Fino Payments Bank reported a 26% year-on-year increase in profit before tax (PBT), reaching ₹108.3 crore. This marks the bank's fifth consecutive year of profitability. ([cxotoday.com][1])

* Customer Base Expansion: The bank's customer base grew to 1.43 crore, with over 33 lakh new accounts opened during FY25.

* Digital Infrastructure Investment: Fino invested over ₹150 crore in technology infrastructure in FY25, reflecting its digital-first strategy. The bank is transitioning to the Finacle core banking platform, with migration expected to complete by Q1 FY26.

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### 🏦 Strategic Initiatives

* Small Finance Bank License Application: Fino Payments Bank is preparing to apply for a small finance bank (SFB) license by the end of 2025. The bank's net worth stands at nearly ₹600 crore, well above the ₹200 crore minimum capital requirement for SFBs.

* Regional Expansion in West Bengal: The bank aims to double its revenue in West Bengal by 2028. Currently serving approximately 4 lakh customers through over 1.3 lakh merchants, Fino plans to open a new branch in Kolkata and expand its merchant network.

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### 👥 Leadership Changes

* Resignation of Company Secretary: Mr. Basavraj Loni resigned as Company Secretary and Compliance Officer, effective May 31, 2025.

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For more detailed information, you can visit Fino Payments Bank's official