Fino Payments Bank Posts Rs 20.9 Crore Loss in Q2 FY27
The payments bank lost money for a second straight quarter as total income fell about 17%.
Key Takeaways
- Fino Payments Bank posted a net loss of Rs 20.9 crore in Q2 FY27.
- It made a profit of about Rs 15.4 crore in the same quarter a year earlier.
- Total income was Rs 333.6 crore, down about 17% from about Rs 400 crore.
- It lost Rs 13.7 crore in Q1 FY27, so this is a second straight loss.
Fino Payments Bank reported a net loss of Rs 20.9 crore for the second quarter of FY27, the three months ended 30 September 2026. In the same quarter a year earlier, the bank made a profit of about Rs 15.4 crore.
Its total income was Rs 333.6 crore, down about 17% from about Rs 400 crore a year earlier. The bank reported the results on 29 October 2026.
Fino Payments Bank Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | Q2 FY27 (quarter ended 30 September 2026) |
| Net loss | Rs 20.9 crore |
| Net profit in Q2 FY26 | About Rs 15.4 crore |
| Total income | Rs 333.6 crore |
| Change in total income from a year earlier | Down about 17% |
| Net loss in Q1 FY27 | Rs 13.7 crore |
Fino Payments Bank has now lost money two quarters in a row
The Rs 20.9 crore loss follows a Rs 13.7 crore loss in the first quarter of FY27, so this is the second consecutive loss-making quarter for the bank.
The small finance bank approval Fino Payments Bank received from the RBI
On 5 December 2025, the Reserve Bank of India gave Fino Payments Bank in-principle approval to convert into a small finance bank.
| When | What happened |
|---|---|
| 5 December 2025 | RBI grants in-principle approval for conversion into a small finance bank |
| Quarter ended 30 June 2026 | Net loss of Rs 13.7 crore |
| Quarter ended 30 September 2026 | Net loss of Rs 20.9 crore |
Where Fino Payments Bank stands after the September quarter
Fino Payments Bank ended the September quarter with a net loss of Rs 20.9 crore on total income of Rs 333.6 crore. It lost Rs 13.7 crore in the June quarter, and it had made a profit of about Rs 15.4 crore in the September quarter a year earlier. The RBI approved its conversion into a small finance bank in principle in December 2025.
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