INTEGRATED FILING — BANKING



General information about company

Scrip code 543386
NSE Symbol FINOPB
MSEI Symbol NOTLISTED
ISIN INE02NC01014
Name of bank Fino Payments Bank Limited
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 18-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 28-Apr-2025   14:45:00
End date and time of board meeting 28-Apr-2025   17:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. Yes
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-01-29
Indicate Company website link for updated RPT policy of the Company https://web4.finobank.com/uploads/pages/corporate-governance/1739193553_RPTPolicy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no default on loans and debt securities by the Company during the quarter ended March 31, 2025. Therefore, the said disclosure is not applicable.


Financial Results - Banking
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Interest earned
Interest or discount on advances or bills 0 100000
Income on investments 397600000 1517400000
Interest on balances with reserve bank of India and other inter bank funds 126700000 429400000
Others 3500000 5400000
Total interest earned 527800000 1952300000
2 Other income 4407100000 16518700000
3 Total income 4934900000 18471000000
Expenses
4 Interest expenses 259900000 1005800000
5 Operating expenses
(i) Employees cost 549300000 2065800000
(ii) Details of other operating expenses
Description of other operating expenses
1 Rent, taxes and lighting 61200000 217700000
2 Printing and stationery 600000 28900000
3 Advertisement and publicity 29500000 120400000
4 Depreciation on banks property 164600000 621500000
5 Director’s fees Allowances and expenses 4400000 16700000
6 Auditors' fees and expenses 1700000 6600000
7 Law Charges 23300000 69400000
8 Postage, Telegrams, Telephones, etc. 124500000 441100000
9 Repairs and maintenance 34000000 121500000
10 Other Expenditure 3384900000 12672100000
Total other operating Expenses 3828700000 14315900000
Total Operating Expenses 4378000000 16381700000
6 Total expenditure excluding provisions and contingencies 4637900000 17387500000
7 Operating profit before provision and contingencies 297000000 1083500000
8 Provisions other than tax and contingencies 0 0
9 Exceptional items 0 0
10 Total profit (loss) from ordinary activities before tax 297000000 1083500000
11 Provision for Tax 57000000 158200000
12 Net profit (loss) from ordinary activities after tax 240000000 925300000
13 Extraordinary items net of tax expenses 0 0
14 Net profit (loss) for the period 240000000 925300000
15 Share of profit (loss) of associates
16 Profit (loss) of minority interest
17 Net Profit (loss) after taxes minority interest and share of profit (loss) of associates 240000000 925300000
18 Details of equity share capital [Abstract]
Paid-up equity share capital 832200000 832200000
Face value of equity share capital 10 10
19 Reserve excluding revaluation reserves (as per balance sheet of previous accounting year) 6360800000
20 Analytical ratios
(i) Percentage of share held by government of India 0 0
(ii) Capital adequacy ratio
CET 1 ratio 73.87 73.87
Additional Tier 1 ratio 0 0
(iii) (a) Earnings per share before extraordinary items
Basic earnings per share before extraordinary items 2.89 11.12
Diluted earnings per share before extraordinary items 2.88 11.08
(iii) (b) Earnings per share after extraordinary items
Basic earnings per share after extraordinary items 2.89 11.12
Diluted earnings per share after extraordinary items 2.88 11.08
(iv) NPA Ratios
Amount of gross non-performing assets 0 0
Amount of net non-performing assets 0 0
% of gross NPAs 0 0
% of net NPAs 0 0
Return on assets 0.01 0.02
21 Disclosure of notes on financial results by banks Textual Information(1)


Text Block

Textual Information(1) Return on Assets: 3 months ended (For quarter ended March 31, 2025): 0.60% 12 months ended (For Year ended March 31, 2025) : 2.43%


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
1 Capital and liabilities
Capital 832200000
Reserves and surplus 6636600000
Deposits 19394400000
Borrowings 8394600000
Other liabilities and provisions 6801500000
Total Capital Liabilities 42059300000
2 ASSETS
Cash and Balances with Reserve Bank of India 1828600000
Balances with Banks and money at call and short notice 9213300000
Investments 23881300000
Advances 1700000
Fixed Assets 2975800000
Other Assets 4158600000
Total Assets 42059300000
Disclosure of notes on assets and liabilities


Text Block
Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Corporate/ Wholesale Banking 0 0
2 Retail Banking 1183700000 4238100000
3 Treasury 524200000 1946700000
4 Other Banking Operations 3223400000 12280100000
5 Unallocated 3600000 6100000
Total Segment Revenue 4934900000 18471000000
Less: Inter segment revenue
Income from operations 4934900000 18471000000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Corporate/ Wholesale Banking 0 0
2 Retail Banking 572000000 1803700000
3 Treasury 376300000 1327600000
4 Other Banking Operations 337600000 1365700000
5 Unallocated 0 0
Total Profit before tax 1285900000 4497000000
i. Finance cost 0 0
ii. Other Unallocable Expenditure net off Unallocable income 988900000 3413500000
Profit before tax 297000000 1083500000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Corporate/ Wholesale Banking 0 0
2 Retail Banking 823700000 823700000
3 Treasury 32991700000 32991700000
4 Other Banking Operations 3747900000 3747900000
5 Unallocated 0 0
Total Segment Assets 37563300000 37563300000
Un-allocable Assets 4496000000 4496000000
Net Segment Assets 42059300000 42059300000
4 Segment Liabilities
Segment Liabilities
1 Corporate/ Wholesale Banking 0 0
2 Retail Banking 19957000000 19957000000
3 Treasury 6851500000 6851500000
4 Other Banking Operations 7055500000 7055500000
5 Unallocated 0 0
Total Segment Liabilities 33864000000 33864000000
Un-allocable Liabilities 8195300000 8195300000
Net Segment Liabilities 33864000000 33864000000
Disclosure of notes on segments




Cash Flow Statement, Indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense 654000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 124200000
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 50300000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 828500000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for increase (decrease) in trade payables -6534800000
Adjustments for increase (decrease) in other current liabilities 5512400000
Adjustments for provisions 0
Total adjustments for working capital -1022400000
Total adjustments for reconcile profit (loss) -193900000
Net cash flows from (used in) operations 889600000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 127700000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities before extraordinary items 761900000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 761900000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of tangible assets 0
Purchase of tangible assets 547400000
Proceeds from sales of intangible assets 600000
Purchase of intangible assets 1097700000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -1644500000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -1644500000
5 Cash flows from used in financing activities
Proceeds from issuing shares 900000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 1268100000
Repayments of borrowings 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 1269000000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 1269000000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 386400000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 386400000
Cash and cash equivalents cash flow statement at beginning of period 10655500000
Cash and cash equivalents cash flow statement at end of period 11041900000


Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. A P Sanzgiri & Co Yes 31-May-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth

Any other financial item(s) (as felt appropriate by the management)



Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 09-Nov-2021
Amount Raised 3000000000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation There is no deviation/variation in the utilization of funds
Comments of the Audit Committee after review false
Comments of the auditors, if any false
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Augmentation of Bank’s Tier-1 capital base to meet its future capital requirements Not Applicable 3000000000 0 2315123000 0 1. The proceeds have been utilised till 31st March 2025, for augmentation of Banks technology as per the objects of the offer. 2. Please note that during the quarter ended March 31, 2025, the Bank has not raised any funds by way of public issue, rights issue, preferential issue, qualified institutions placement etc. However, the Bank has raised fund by way of public issue on 09-11-2021.


Signatory Details
Name of signatory Basavraj Loni
Designation of person Company Secretary and Compliance Officer
Place Navi Mumbai
Date 28-Apr-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Fino Payments Bank Limited Fino Paytech Limited Holding Company Any other transaction Service Charges for facilitating bank's infrastructure and distribution network to Fino PayTech Limited 28000000 Approved 8494000 8950000 1474000
2 Fino Payments Bank Limited Fino Finance Private Limited Fellow Subsidiary Any other transaction Cash Management Services 0 Approved 0 0 0
3 Fino Payments Bank Limited Fino Paytech Limited Holding Company Any other transaction Reimbursement of Common Expenses incurred by Fino PayTech Limited 35000000 Approved 13832000 0 10246000
4 Fino Payments Bank Limited Fino Paytech Limited Holding Company Any other transaction Availing of Authentication services from ASA for AEPS & E-KYC 13184000 Approved 7257000 0 0
5 Fino Payments Bank Limited Mr. Rishi Gupta Managing Director and Chief Executing Officer Remuneration Approved 11083000 0 0
Total value of transaction during the reporting period 40666000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt