| Date | Title | Description |
| 21.06.2025 | RBI Fines Fino Payments Bank INR 29.6 Lakh For Flouting Licencing Rule | SUMMARY
The RBI said it has imposed a penalty on Fino Payments Bank for non-compliance with certain directions on ‘licencing of payments banks’
The Statutory Inspection for Supervisory Evaluation (ISE 2024) of the bank was with reference to... |
| 07.05.2025 | Fino Payments Bank ‘hopes’ to receive SFB license in few months: MD | - |
| 06.05.2025 | Fino’s FY26 Gameplan: CASA & UPI Expansion To Bolster FY26 Top Line By 20-25% | SUMMARY
Giving a lowdown on the company’s FY26 strategy, CFO Ketan Merchant said that Fino Payments Bank’s primary growth levers for the ongoing fiscal year will be digital transactions and CASA expansion
Currently, Fino offers UPI services... |
| 16.03.2025 | Deena Mehta re-appointed as Independent Director of Fino Payments Bank | Fino Payments Bank’s (FPB) Board of Directors have approved the re-appointment of Deena Mehta as an Additional Director in the capacity of Independent Director.
Her re-appointment as an Independent Director of the Bank for the second term i... |
| 23.02.2025 | 13 New-Age Tech Stocks Touch Fresh Lows This Week Amid Broader Market Decline | SUMMARY
While fourteen of the 32 new-age tech stocks under Inc42's coverage gained in a range of 0.03% to a little under 7%, 18 stocks declined in a range of 0.34% to just under 15%
Fino Payments Bank, Delhivery, EaseMyTrip, ideaForge, and ... |
| 30.01.2025 | Fino Payments Bank Shares Jump 5% After Q3 Results | SUMMARY
Shares of Fino Payments Bank jumped over 5% to INR 303 apiece on the BSE in early trade after the company reported robust growth in its business in Q3 FY25
The bank’s total income jumped 24.6% to INR 461.34 Cr in the reported quarte... |
| 29.01.2025 | Fino Payments Bank reports marginal increase in Q3FY25 net profit at ₹23.1 crore | Fino Payments Bank reported a marginal increase in third quarter net profit at ₹23.1 crore against ₹22.8 crore logged in the year ago period.
Net revenue (revenue – product cost) increased by 21 per cent year-on-year (y-o-y) to ₹148 crore (... |
| 25.01.2025 | How Fino Payments Bank’s Ex-Employees Defrauded Its Clients & Merchants | SUMMARY
Some of the company’s staff allegedly floated fictitious schemes to defraud customers and merchants to the tune of INR 35.5 Cr
Fino Payments Bank said it fired the employees in question and sent “complaint closure letters” to all th... |
| 22.01.2025 | Indian Banks Seek Breather from Stricter Liquidity Rules | India's banking sector is at a crossroads. Major lenders are pushing back against new liquidity regulations set to take effect in April. They argue these rules could stifle lending just when the economy needs it most. The Reserve Bank of In... |
| 20.01.2025 | Former RBI Deputy Governor MK Jain to head committee set up to evaluate applications for universal, small finance banks | The Reserve Bank of India (RBI) on Monday said the five-member Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks as well as Small Finance Banks will be headed by MK Jain, former Deputy Governor of R... |
| 20.12.2024 | Merchant network at the core of Fino’s small finance bank bid | - |
| 29.11.2024 | Small-ticket loans, higher deposit limits can enhance payments bank viability: Fino PB MD | Allowing payments banks to offer small-ticket loans and enabling them to accept deposits of more than ₹2 lakh could help the payments bank model become more commercially viable, Fino Payments Bank MD and CEO Rishi Gupta told businessline. U... |
| 23.10.2024 | Fino Payments Bank’s Q2 Profit Jumps 8% YoY To INR 21 Cr | SUMMARY
The company posted a net profit of INR 21.15 Cr in Q2 FY25, up over 8% from the INR 19.52 Cr profit in the same quarter last year
Its total income in the September quarter zoomed 27% to INR 455.41 Cr from INR 358.58 Cr in the year-a... |
| 19.10.2024 | Celebrating Innovation: The Chiratae Ventures Patrick J. McGovern Awards | In the heart of Silicon Valley, where innovation meets ambition, the Chiratae Ventures Patrick J. McGovern Awards recently celebrated three titans of the tech industry. Shantanu Narayen, CEO of Adobe, Narayana Murthy, founder of Infosys, an... |
| 18.10.2024 | Febi.ai gets funding from Lumis Partners, angel investors | The Febi.ai team
Febi.ai, a tech startup that automates accounting and tax compliance processes, said Friday it has raised $2 million (Rs 16.8 crore) in a pre-Series A funding round.
The round saw participation from Lumis Partners, former J... |
| 08.10.2024 | Fino Payments Bank’s SFB plan is a “Payments Bank ++” strategy: CEO Rishi Gupta | Fino Payments Bank views its proposed transition to a small finance bank (SFB) as a “Payments Bank ++” strategy, allowing it to take larger deposits (+) and offer small-ticket loans (+).
The bank, which applied for a license in December 202... |
| 05.09.2024 | Fino Payments Bank Touches Fresh 52 Week High On Bullish Outlook For FY25 | SUMMARY
Shares of Fino Payments Bank touched a fresh 52 week high of INR 448 during intraday trading on September 5
Its market cap also zoomed to $442.4 Mn (INR 3,715.52 Cr)
Fino's managing director and CEO Rishi Gupta shared that the compa... |
| 04.08.2024 | New-Age Tech Stocks Witness A Mixed Week; Zomato Emerges As The Top Gainer | SUMMARY
Eleven of the 25 new-age tech stocks under Inc42's coverage gained in a range of over 3% to 17% this week
Stock-specific action was seen in the new-age tech stocks, with Zomato and Fino Payments Bank emerging as biggest gainers afte... |
| 31.07.2024 | Fino Payments Bank Q1: Profit Jumps 30% YoY To INR 24.2 Cr | SUMMARY
Fino Payments Bank posted a profit after tax (PAT) of INR 24.27 Cr in Q1 FY25, up 29.7% YoY
Total revenue jumped 25.4% to INR 436.86 Cr during the quarter under review from INR 348.31 Cr in Q1 FY24
The company’s EBITDA during the Ju... |
| 04.06.2024 | 2024 Lok Sabha Election Results: New-Age Tech Stocks Lose Over $2 Bn In M-Cap In A Day | SUMMARY
The total market capitalisation of 23 new-age tech stocks under Inc42’s coverage fell to $50.23 Bn at the end of today’s trading session compared to $52.38 Bn a day ago
Amid the bloodbath in the broader market due to unexpected gene... |
| 06.05.2024 | UGRO Capital introduces embedded financing for small merchants’ credit needs | UGRO Capital Limited , a DataTech NBFC focused on MSME lending, today announced a significant development that underscores its commitment to growth, innovation, and delivering value to stakeholders. UGRO Capital's Board of Directors has app... |
| 30.04.2024 | Fino Payments Bank reports highest-ever quarterly net profit at ₹25 cr in Q4 | Fino Payments Bank reported a 14 per cent year-on-year (y-o-y) increase in fourth quarter net profit at ₹25 crore against ₹22 crore in the year ago quarter on the back of healthy growth in other income and interest earned.
Other income was ... |
| 30.04.2024 | Fino Payments Bank Q4 results: Net profit rises 14% to Rs 25.21 crore | - |
| 24.04.2024 | Lendingkart Ropes In Former Paytm Payments Bank Executive Mukund Barsagade As Group CFO | SUMMARY
In the new role, Barsagade will lead the finance, capital markets, legal, and secretarial functions, playing a pivotal role in shaping the company’s next growth phase
Prior to Paytm, Barsagade was the CFO at Utkarsh Small Finance Ba... |
| 12.10.2021 | RBI grants small finance bank license to Centrum-BharatPe consortium | The Reserve Bank of India on Tuesday issued a Small Finance Bank licence to the consortium of Centrum Financial Services and BharatPe. The new entity has been incorporated as ‘Unity Small Finance Bank’ and Centrum’s MSME and microfinance bu... |
| - | RBI Directs Fino Payments Bank To Stop Opening New Accounts | Mumbai-based Fino Payments Bank has become the latest entrant to a growing but a small list of payments banks that are being told to stop account opening operations till they strictly adhere to the guidelines given by the Reserve Bank Of In... |
| - | Fino Payments Bank Records Another Profitable Quarter With 2.3x Growth | Riding on the surge of digital transactions due to the pandemic, Mumbai-based Fino Payments Bank has recorded its third profitable quarter. The company has registered a net profit of INR 4.5 Cr in the second quarter of FY2021, ending in Sep... |
