Fino Payments Bank's September quarter net rises 74%, revenue up 35%

Its revenue during the reporting quarter was up by 35& YOY to Rs 242 crore from Rs 179 crore in the quarter ended September 2021

Fino Payments Bank posted 74 per cent rise in net profit on a year-on-year basis (Y-o-Y) at Rs 7.89 crore in the second quarter ended September 2021 (Q2FY22) from Rs 4.52 crore a year ago quarter (Q2FY21).

Its revenue during the reporting quarter was up by 35 per cent YOY to Rs 242.15 crore from Rs 179.2 crore in the quarter ended September 2021 (Q2FY21). The rise came on the back of growth from streams including 32 per cent in transaction revenue, 43 per cent in subscription income, and 35 per cent in open banking, the bank said in a statement. 

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