India's Fino Payments rises on higher average total deposits, loan referral disbursals
BUZZ-India's Fino Payments rises on higher average total deposits, loan referral disbursals ** Shares of India's Fino Payments Bank FINY.NS rise 14.5% to 147.46 rupees
** Stock posts its highest intraday percentage gain since July 13** The commercial bank's September-quarter average total deposits climbs 13% to 27.94 billion rupees ($288.87 million) from 24.8 billion a year earlier
** Bank's September 2026 loan referral disbursals grew 223% Y/Y to 2.78 billion rupees
** Bank says current account and savings account base grew to 19.1 million accounts** FINY says growth momentum reinforced through rise in renewal income, surge in loan referral disbursals and steady progress in cash management services
** Stock down 50.82%, YTD
($1 = 96.7225 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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