Fino Payments Bank Ltd

The transcript does not explicitly mention any current or future plans for fundraising through debt or equity. Key points related to funding and finances include: - The bank has made a capital expenditure of around INR 70 crores in H1 FY '26 for technology upgrades. - Focus is on strengthening granular low-cost deposits (CASA) and improving profitability. - The management is emphasizing cost control and operational efficiency. - The Small Finance Bank (SFB) license approval is anticipated soon, expected to enhance income and margins. - No direct mention of raising funds via debt or equity during the call. - The strategy revolves around organic growth, product innovation, and leveraging the SFB license opportunity rather than external fundraising at this point.

- The bank has invested around INR 70 crores in H1 FY '26 in technology to strengthen core platforms, expand transaction capacity, and improve digital interfaces. - Migration to a new core banking platform is in the final stages, expected to be completed by end of December 2025, aiming to enhance flexibility and support faster digital initiative implementation. - Two major new digital product launches intended for H2 FY '26: - Prepaid instrument product launched in August 2025, expected to generate INR 1-2 crores monthly revenue at steady state. - Payout product awaiting RBI clearance for launch, expected to generate INR 3-5 crores monthly revenue at steady state. - Strategic focus on transitioning into a Small Finance Bank (SFB) structure to broaden financial solutions, with preparations ongoing. - First phase of AI product expected to go live in the current quarter, aligning with digital transformation efforts.

- Expectation of better results in H2 FY '26 than H1 due to seasonality and business recovery. - Anticipation of digital throughput recovery in a couple of quarters as regulatory clarity improves. - Growth in CASA segment with continued momentum in account additions and renewal income contributing to revenue. - Launch of new digital products like prepaid instruments and payout products expected to add incremental revenue (INR1-2 crores and INR3-5 crores per month respectively at steady state). - Focus on monetizing UPI through CASA balances despite uncertainty in UPI incentives. - Steady expansion of merchant network, aiming to improve quality and compliance. - Ongoing cost optimization measures expected to support margin expansion and profitability. - Core banking system migration and new product features expected to yield operational efficiencies and support growth.

- Expectation of better results in H2 FY '26 compared to H1, driven by recovery and growth momentum. - Focus on profitability improvement through CASA and digital business expansion. - Margin expansion due to shift from low-margin transaction business to high-margin CASA business. - EBITDA margin at highest level (15.4% in Q2), with disciplined cost control ongoing. - Revenue moderation in the short term due to regulatory and ecosystem challenges, expected to stabilize. - Digital Payments throughput expected to recover gradually by Q3–Q4 FY '26. - Anticipate revenue upside if UPI incentives resume; already working on worst-case scenario of no incentives. - SFB (Small Finance Bank) license approval expected soon, which will enable higher yield on deposits and potentially 2x current NIM. - Investment in technology and new product launches (prepaid instruments, payout products) aimed at adding steady revenue streams. - Overall, management expects sustainable growth with strong operational fundamentals and improved bottom-line focus.

The provided transcript of Fino Payments Bank Limited's Q2 FY '26 earnings call does not contain any specific information regarding the current or expected order book or pending orders. The discussion mainly focuses on: - Regulatory challenges and recalibration in the payments industry. - Impact on digital payments revenue and monetization challenges. - Growth in CASA and merchant network. - Plans regarding Small Finance Bank (SFB) license and product launches. - Financial performance and margin improvements. No direct references or data points about order book or pending orders are disclosed in the transcript.