Fino Payments Bank reported an 11% year-on-year increase in average total deposits to ₹2,755 crore for June 2026, alongside a sharp acceleration in its loan referral business.
The digital lender opened 310,000 new accounts during the month, reinforcing its customer acquisition momentum.
However, the update also revealed a 3% decline in transaction throughput, suggesting a potential trade-off between high-value credit referrals and routine payment activity.
The most significant development in the update was the 3.5-fold surge in loan referral value, which reached ₹240 crore.
This growth highlights the bank's strategic pivot toward leveraging its digital infrastructure to facilitate credit distribution rather than holding loans on its own balance sheet, a model that typically offers higher margins and lower capital intensity.
However, the update also revealed a 3% decline in transaction throughput, suggesting a potential trade-off between high-value credit referrals and routine payment activity.
This divergence warrants monitoring as the bank scales its lending partnerships.