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Fino Payments Bank reports over 2-fold jump in Q4 net profit

17 May 2022 Evaluate

Fino Payments Bank has reported results for fourth quarter and year ended March 31, 2022.

The bank has reported over 2-fold jump in its net profit at Rs 17.62 crore for the quarter under review as compared to Rs 7.57 crore for the same quarter in the previous year. Total income of the bank increased by 23.05% at Rs 285.29 crore for Q4FY22 as compared Rs 231.85 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the bank has reported 2 -fold jump in its net profit at Rs 42.74 crore as compared to Rs 20.47 crore for the previous year. Total income of the bank increased by 27.54% at Rs 1008.85 crore for year under review as compared to Rs 791.03 crore for year ended March 31, 2021.

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