Fino Payments Bank Share Price Gains Over 8% as May 2026 Update Shows 29% Rise in New Accounts  

Fino Payments Bank has released its business performance update for May 2026, showcasing significant growth in several key areas.  

The bank's focus on expanding its customer base and enhancing digital engagement has yielded positive results. 

Growth in Deposit Accounts and Digital Engagement 

In May 2026, Fino Payments Bank opened 2,93,600 new deposit accounts, marking a 29% year-on-year increase. This growth reflects the bank's expanding reach and customer trust.  

The average total deposits also saw a 10% rise, reaching ₹2,762 crore. Digital engagement improved significantly, with digitally active customers growing 19% to 62.6 lakh. 

Loan Referral Business Expansion 

The bank's loan referral disbursals increased to ₹210 crore, reflecting a 186% year-on-year growth compared to May 2025.  

Fino Payments Bank continues to focus on sourcing secured loan assets for its referral business, supporting its long-term vision for a differentiated Small Finance Bank (SFB). 

Transaction Business and Digital Payment Services 

Transaction business throughput experienced a decline, attributed to the ecosystem's shift from cash to UPI and a focus on higher-quality, more transacting merchants.  

The bank is reassessing key product features and recalibrating risks in its digital payment services segment. 

Read More: India's Auto Retail Sales Hit Record High in May 2026; EV Penetration Crosses 11% for 1st Time! 

SFB Implementation Progress 

Fino Payments Bank has entered into a strategic partnership with Ezee.ai to build a lending ecosystem, a significant step towards the SFB transition.  

The bank is also strengthening its merchant network and augmenting technology and resources to support this transition. 

Fino Payments Bank Share Price Performance 

As of June 09, 2026, at 1:32 PM, Fino Payments Bank share price on NSE was trading at ₹138.08 up by 8.10% from the previous closing price. 

Conclusion 

Fino Payments Bank's performance in May 2026 highlights its strategic focus on customer acquisition, digital engagement, and loan referral business expansion. The bank's efforts towards transitioning to a Small Finance Bank are evident in its partnerships and resource augmentation. 

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