Fino Payments Bank Reports Strong Surge in Q4 FY26 Referral Loan Disbursements
Mumbai, March 25, 2026: Fino Payments Bank is experiencing significant momentum in its referral lending business through its merchant channel. As of March 20, 2026, disbursements for Q4 FY26 have reached approximately ₹540 crores and are projected to close at 90% of the first three quarters combined, which totaled roughly ₹700 crores. Overall, the bank is on track to record disbursements of approximately ₹1,300 crores in referral loans for FY26.This increase reflects growing demand for credit products, particularly in rural areas, supported by the bank’s extensive merchant network and partnerships with Non-Banking Financial Companies (NBFCs).
Fino Payments Bank is building its credit distribution capabilities as part of its strategy to become a Small Finance Bank (SFB). The bank has partnered with NBFCs to source loan referrals, focusing on underserved rural markets.
The pilot portfolio currently includes secured lending products like Home Loans, Gold Loans, Loan Against Property, and business loan offerings for merchants.
"We are seeing strong demand for secured credit products across our network, especially in rural and semi-urban markets," said Mr. Ketan Merchant, Interim CEO. “Our referral lending model enables us to leverage our distribution strength while building a deeper understanding of customer credit needs."
Mr. Darpan Anand, National Head (Channel Sales), added that the merchant network’s local connection and customer trust are driving adoption of credit products in underserved markets.
Fino's extensive rural presence, with over 20 lakh merchant points and 1.7 crore CASA customers, facilitates access to formal credit. The bank processed ₹3.6 lakh crore in transactions in the first nine months of FY26, an 8% year-over-year increase, with 55% of transactions conducted digitally.
About Fino Payments Bank
Fino Payments Bank (a subsidiary of Fino Paytech Ltd.) serves emerging India. Backed by investors including ICICI Group, BPCL, Blackstone, LIC, and IFC, Fino operates a low-cost model focused on financial inclusion. The Bank received in-principle approval from RBI to convert into a Small Finance Bank on December 5, 2025.
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