Fino-Paytech- Excellent half yearly numbers- 17.12.2019

(i) Operating profit continued to grow in the first 6MFY20 and reached 7 crores from a loss of 12 Crores last year in the same period.

(ii) Revenue growth of 72% in the first 6MFY20 against 6MFY19.

(iii) Revenue of Q2FY20 stands at Rs. 167 Crores as compared to Rs.69 Crores in Q2FY19.

(iv) 79% growth in CASA accounts from Sept ’18 – 12.32 lakhs as on 30th Sept ’19. Newly introduced subscription-based CASA products (“Shubh”) complemented transaction banking momentum. “Shubh” constituted 64% of a/c opened in Q2 with 95% debit card penetration.

(v) A total number of partners (Cash management, BC banking & API) grew by 124% to 83.

(vi) Fino Payments Bank has received the award for outstanding performance in digital payments for FY 18-19 from Meity. Ranked 1st in digital transaction scorecard for the month of June ’19 amongst all banks. Paytm is the main competitor in digital transactions.

(vii) Best Emerging Payment Bank of the Year – ETBFSI Excellence Awards 2019.

Outlook

The next 6MFY20 would be more positive with  bank planning to add 50k+ banking outlet and aiming at better customer servicing & increase in income for banking outlets.