Fino Payments Bank Slips Into Red, Reports ₹14 Cr Loss In Q1

•Fino Payments Bank posted a net loss of ₹13.7 Cr in Q1 FY27 against a profit of ₹17.8 Cr in the year-ago quarter.

•Total income declined 32.3% YoY to ₹306.9 Cr, with a 40.2% YoY drop in other income due to lower fees and commissions.

•Interest income increased 18.4% to ₹72.2 Cr, while digital payment services were non-operational due to strategic recalibration.

•Fino expects to relaunch digital payment services by Q4 FY27 and remains on track to meet conditions for small finance bank transition.