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Fino Bank reports growth in FY25 revenues, net profit
08 May 2025, 02:38 PMThe bank's net profit grew to Rs 92.5 crore during the period, from Rs 86.2 crore in FY24.
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Fino Payments Bank has posted Rs 1,847 crore in revenues during FY25, compared to Rs 1,478 crore reported in FY24.
The bank's net profit grew to Rs 92.5 crore during the period, from Rs 86.2 crore in FY24.
The growth in revenue was aided by a increase in demand for products such as Current Account Savings Account (CASA) and Cash Management Services (CMS) -- which contributed 38% to the revenues in FY25.
Average deposits rose by 37% as compared to last year at Rs 1,849 crore.; and over 33 lakh new accounts were opened during the period. Total customer grew 30% yoy to reach 1.43 crore.
CASA renewal income reported a 48% year-on-year increase and stood at Rs 190 crore for FY25, the payments bank stated.
Digital throughput contributed Rs 2.25 lakh crore, registering a 70% yoy growth; whereas digital payments revenue grew 4.2x yoy to Rs 390 crore.
The CMS client base grew 11% to 230 clients, and CMS transaction throughput grew 24% to Rs 83,451 crore.
The bank spent more than Rs 150 crore on technology infrastructure in FY25.
Rishi Gupta, MD & CEO, said, “FY’25 has been a transformational year for Fino. Our endeavour to position ourselves as a leading digital player is reflected in our growth. Leveraging our technology-enabled network and digital ecosystem has been our mantra for sustainable growth. Our diligent customer centric approach enhances our long-term vision of monetising our customer base. Importantly, our strategic focus on customer ownership, digital-first approach, continuous innovation and exploring value creating avenues is at the core of our commitment to inclusive growth and profitability."
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