Fino Payments Bank reports 304% jump in July loan disbursals as deposits rise 12%
Fino Payments Bank said July loan disbursals rose 304% year-on-year to ₹241 crore, while average total deposits increased 12% to ₹2,766 crore. Transaction throughput fell 25% to ₹3,074 crore, which the bank attributed to customers shifting from cash-led transactions to UPI.
Fino Payments Bank reported July loan disbursals up 304% and average deposits up 12%, while transaction throughput fell 25% as customers shifted from cash transactions to UPI. New accounts and renewal income also grew year-on-year.
Why this matters
No related prior signals were provided, so July's lending and deposit gains establish the available recent baseline for Fino Payments Bank.
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