Fino Payments Bank plans to transition into a Small Finance Bank (SFB), adding 600 staff over three years. Despite this shift, transaction income is set to dominate, contributing 75% to revenues.
The Reserve Bank (RBI) today granted ‘in-principle’ approval to Fino Payments Bank for conversion into a Small Finance Bank (SFB). businessline was the first to report in August that the regulator ...
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Fino to add 600 people; sees transaction fees dominating revenues as SFB
Gupta said up to 80% of Fino's advances as an SFB will be secured in nature, as part of the plans in the making.
Fino Payments Bank, the first payments bank to receive an in-principle nod from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB), is gearing up for a strategic shift that ...
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 ...
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