[Update] Fino Shares Climb 8% Amid Broader Market Gains

Riding the broader market momentum, shares of Fino Payments Bank surged 7.7% to INR 277.75 apiece during the early trading hours on the BSE today.

By 12:30 PM, the stock was trading 6.6% higher at INR 274.70 on the BSE, taking the company’s market capitalisation to INR 2,286.01 Cr. Around 8.09 Lakh shares had exchanged hands by then.

The stock’s uptrend today aligns with the broader Indian indices trading in green, with Sensex closing 0.1% up at 82,000.71 and Nifty 50 closing 0.13% up at 25,083.75. 

Today’s surge comes a day after the company announced a fresh ESOPs grant and a key leadership addition.

In an exchange filing yesterday, the company said it had granted 89,762 stock options to eligible employees under its Employee Stock Option Policy (ESOP 2020). Fino fixed the exercise price at INR 256.90 per stock option, valuing the ESOP issue at INR 2.3 Cr.

In a separate filing, the board of directors also approved the appointment of Basavraj Loni as the company secretary and vice president–legal, effective August 21, 2025.

Loni has over 16 years of relevant experience in areas such as secretarial work, legal matters, corporate governance, and regulatory compliance. 

He also played a key role in managing the bank’s initial public offering (IPO) in 2021 and has been working with the company since 2017. 

Founded in 2007, Fino commenced operations in June 2017. operates an asset-light business model driven largely by its extensive merchant network, mostly small retailers and shop owners.

Its offerings include savings and current accounts, UPI-based payments via their mobile app FinoPay, domestic money transfers through IMPS, NEFT, and other electronic methods, Aadhaar Enabled Payment System (AePS), Micro ATM services, digital merchant payments, recharge and utility bill payments through digital platforms, third-party Insurance products selling and loan referrals.

Till May, digital transactions comprised 49% or INR 2.25 Lakh Cr out of a total throughput of INR 4.6 Lakh Cr. This marks a big shift from FY19, when 99% of the throughput came solely from its physical channels.

It incurred a fine of INR 29.6 Lakh from RBI for non-compliance with certain directions on ‘licensing of payments banks’.

On the financial front, Fino Payments Bank reported a net profit of INR 17.7 Cr for Q1 FY26, down 27.4% year on year and 26% quarter on quarter. The profit decline was largely due to a sharp rise in tax expenses, with the tax outgo at INR 68.7 Cr during the quarter under review, compared to nil in the same period last year.

Meanwhile, the company’s total income rose 3.8% to INR 453.5 Cr from INR 436.8 Cr a year earlier.

Shares of Fino ended today’s trading 6.2% higher at INR 273.8 on the BSE.