Key Business Updates

  • Record Quarterly Renewal Income of ₹74.6 crore was achieved in Q2'27, representing a 7% Year-over-Year (YoY) increase.
  • Loan Referral Disbursals reached ₹1,390 crore in H1'27, exceeding full-year FY26 levels by 8%.
  • New products 'Cash @ UPI' and 'Daily Deposit Plan' were launched in October 2026 to establish new revenue streams.
  • Digitally Active customers grew to 64.9 lakh in September 2026, a 13% YoY increase.
  • CASA Revenue expanded to ₹174.2 crore in Q2'27, accounting for 52% of the total revenue mix and posting 9% YoY growth.
  • Small Finance Bank (SFB) Readiness progress includes critical leadership onboarded and credit policies finalized.

Financial Highlights - Q2'27 (Quarterly)

| Particulars (₹ Cr) | Q2'26 | Q1'27 | Q2'27 | YoY (%) | QoQ (%) |

| Revenue | 400.1 | 306.9 | 333.6 | 16.6% | 8.7% |

| Net Revenue | 148.6 | 131.2 | 127.1 | 14.4% | -3.1% |

| Net Revenue Margin % | 37.1% | 42.8% | 38.1% | 96 bps | -464 bps |

| EBITDA | 61.6 | 43.1 | 35.1 | -43.0% | -18.5% |

| PBT | 21.2 | (13.7) | (20.9) | - | - |

| PAT | 15.4 | (13.7) | (20.9) | - | - |

| EBITDA Margin | 15.4% | 14.0% | 10.5% | - | - |

| PBT Margin | 5.3% | - | - | - | - |

| Cost to Income | 21.7% | 28.7% | 27.6% | - | - |

Financial Highlights - H1'27 (Half-Yearly)

| Particulars (₹ Cr) | H1'26 | H1'27 |

| Revenue | 853.5 | 640.5 |

| Net Revenue | 300.5 | 258.3 |

| Net Revenue Margin % | 35.2% | 40.3% |

| EBITDA | 123.3 | 78.2 |

| PBT | 45.9 | (34.6) |

| PAT | 33.1 | (34.6) |

| EBITDA Margin | 14.4% | 12.2% |

| PBT Margin | 5.4% | - |

| Cost to Income | 20.8% | 28.1% |

Product Performance

Product Revenue Mix (Q2'27)
  • CASA*: ₹174.2 crore (9% YoY growth), 49% margin, 52% of revenue mix
  • Transaction Business: ₹54.9 crore (-30% YoY), 7% margin, 17% of mix
  • CMS: ₹26.2 crore (15% YoY growth), 25% margin, 8% of mix
  • Digital Payment Services: Not available in Q2'27 (-100% YoY)

*Includes float income on CASA deposits

Customer Acquisition & Ownership (Q2'27)
  • New CASA Accounts Opened: 8.2 lakh (Rural: 4.9 lakh, Semi-Urban: 1.8 lakh, Urban: 1.5 lakh)
  • Total CASA Accounts: 191.2 lakh (20% YoY growth)
  • Accounts Opened per Day: 8,873
  • Average Total Deposits: ₹2,794 crore (12% YoY growth)
  • Average CASA Balance: ₹1,238
  • Cost of Funds: 1.4%
  • Digitally Active Customers: 64.9 lakh (13% YoY growth)
Digital Payments Ecosystem (Q2'27)
  • Digital Throughput: ₹64,023 crore (2% YoY growth)
  • Digital Transaction Count: 92.8 crore (6% YoY growth)
  • UPI Transactions Ecosystem: 7,224 crore
  • Fino's UPI Contribution: 1.27%
  • Technical Decline Rate: 0.09%
  • FinoPay Users: 8.1 lakh (12% YoY growth)
  • Mobile Banking User Ranking: 5

Geographical Presence & Operational Metrics

The bank's operational model demonstrates scalability with sustained throughput per employee amid consolidation. The presentation highlights a focused expansion of a sustainable, low-cost liability franchise.

SFB Timeline

The document outlines the bank's progression toward Small Finance Bank conversion, though specific timeline details are not provided in the extracted data.