RBI gives Fino Payments Bank a green light to become a small finance bank

Business Dec 05, 2025

Big news for Fino Payments Bank—RBI just gave them the initial nod to level up into a small finance bank.
If all goes through, Fino can finally start lending money, not just handling payments and deposits.
This is the first time any payments bank in India is making this move, though they still need final approval.

How the market and numbers look

Fino's shares jumped 3.13% after the news, closing at ₹313.
While their latest quarterly profit dropped by 27.4% compared to last year (down to ₹5 crore from ₹21 crore), there's good momentum: net interest income shot up 43.1%, and total operating income climbed 25.9%.
So even with profits down, their core payments and deposits business is clearly growing.