Fino Payments Bank

FINO Payments Bank reported a 31% YoY revenue declineCurrent reported value: 31% YoY revenue decline. No comparable prior figure is available in the source record. in Q4 FY26, driven by regulatory tightening in digital payments, the collapse of bank-led DMT remittances, and deliberate derisking of high-margin program manager flows. EBITDA margin expanded 250 bps YoYCurrent reported value: 250 bps YoY. No comparable prior figure is available in the source record. as the mix shifted toward higher-margin renewal income, which hit a record ₹62.2 croreCurrent ₹62.2 crore. Reported change: +25% YoY. in Q4 (+25% YoY full year). Customer base grew 22% YoYCurrent reported value: 22% YoY. No comparable prior figure is available in the source record. to 1.75 croreCurrent 1.75 crore. Reported change: +22% YoY., with March seeing the highest account openings in three years. The core banking system migration to Finacle was completed on time. Management reaffirmed SFB conversion is on track for FY28, with a differentiated asset-light model targeting 20% ROE by FY30Current reported value: 20% ROE by FY30. No comparable prior figure is available in the source record.. Key risk: the pause in UPI P2M business and ongoing management disruption could delay revenue recovery and erode merchant network confidence.