Archive · 7 Dec 2025
FINO Payments Bank Aims Digital-First Transformation
FINO Payments Bank wants to become a digital-first small finance bank.
Their CEO, Rishi Gupta, says they will use technology and artificial intelligence to make banking better.
They plan to start operating as a small finance bank within a year.
They will focus on secure loans and use their network of merchants to help customers in smaller cities.
They will also open new branches and hire more people.
The bank has already raised enough money to meet the requirements and is preparing to make this big change.
FINO Payments Bank aims to become a digital-first small finance bank, leveraging AI and technology for customer experience and fraud management.
The bank plans to launch as an SFB within 12 months, with a net worth already above the required Rs 200 crore.
FINO will focus on secured lending, with 70-80% of the portfolio being secured products, and will adopt a hub-and-spoke branch model.
The bank will generate low-cost liabilities through its merchant network and business correspondent network, aiming for Rs 3,500 crore in CASA balances by launch.
Operational changes include divesting the business correspondent business for other banks and reducing promoter shareholding to 40% over five years.
- Who
- Rishi Gupta, MD & CEO of FINO Payments Bank
- What
- FINO Payments Bank's transition to a digital-first small finance bank (SFB)
- When
- Within 12-18 months, targeting 12 months
- Where
- India
- Why
- To enhance customer experience, strengthen fraud management, and boost operational efficiency using AI and technology
- MD & CEO
- Rishi Gupta
- Current Net Worth
- Above Rs 200 crore
- IPO Fundraising
- Rs 300 crore
- Target SFB Launch Timeframe
- 12 months
- Projected CASA Balances at Launch
- Rs 3,500 crore
- Branch Model
- Hub-and-spoke with 150 branches
- Secured Lending Portfolio
- 70-80%
- Employee Growth Post-Launch
- 20-25% in 2-3 years
