MUMBAI : Focusing on high margin verticals in the face of the pandemic-related setbacks on the mainstay remittances business helped Fino Payments Bank deliver handsome operating profit in the June quarter, a top company official said on Thursday.The unlisted entity recorded an operating profit of ₹11 crore in the first quarter, as against a loss of ₹3.5 crore in the year-ago period, despite the shutdown, migrants moving back to their hometowns from cities and a gradual recovery towards the end, its MD and CEO Rishi Gupta said.Revenues were impacted and trended lower than the preceding quarter."Remittances went down very sharply, but we benefited from higher-margin developments like higher deposit accretion, micro ATM and cash management.