Stocks to Watch, 16 Apr: Stocks like ICICI Lombard General Insurance Company, HDB Financial Services, GTPL Hathway, Tejas Networks, GMR Airports, Aurobindo Pharma, GHV Infra Projects, John Cockerill India, Brigade Enterprises, Rubicon Research, Suraj Estate Developers, and UFO Moviez India will be in focus on April 16.
Stocks to Watch, 7 Apr | Stocks like Jubilant FoodWorks, Fino Payments Bank, CreditAccess Grameen, Gallantt Ispat, Godrej Consumer Products, PC Jeweller, Shyam Metalics and Energy, Aurobindo Pharma, ACME Solar Holdings, PDS, Deep Industries, Vivid Electromech, and Sammaan Capital will be in focus on April 7.
The lender reiterated that it does not directly or indirectly engage in or promote any gaming or betting activities through any platform, website or channel
The sharp early sell-off in Fino Payments Bank stock followed the bank’s disclosure that Gupta had been arrested under the GST law. But later, Fino clarified that the arrest was linked to an investigation involving certain business partners and was not related to the bank’s own compliance.
Mohandas Pai calls arrest of Fino Payments Bank MD ‘overreach’, seeks safeguards against misuse of GST powers
Fino Payments Bank said that following Gupta’s arrest, Chief Financial Officer Ketan Merchant has been appointed as the Head of the Organisation
Stocks to Watch, 7 January: Stocks like Titan Company, Jubilant Foodworks, Godrej Consumer Products, Lodha Developers, Yes Bank, IRB Infrastructure Trust, Indian Energy Exchange, Biocon, and Oil and Natural Gas Corporation will be in focus on January 7.
Gupta is ready with the roadmap to scale into an Rs 8,000–10,000 crore SFB within three years of operations, he tells Moneycontrol how he plans to do that
Stocks to Watch, 30 October: Stocks like Larsen & Toubro, LIC Housing Finance, Bharat Heavy Electricals, PB Fintech, United Breweries, Le Travenues Technology, RailTel Corporation of India, NTPC Green Energy, Sagility, Steel Authority of India, Brigade Enterprises, Mahanagar Gas, VST Industries, Wipro, and Zydus Lifesciences will be in focus on October 30.
Stocks to Watch, 31 July: Stocks like Tata Steel, Aurobindo Pharma, Gujarat Gas, Navin Fluorine International, Hitachi Energy, Sagility India, InterGlobe Aviation, Mahindra and Mahindra, Brigade Hotel Ventures, and Jio Financial Services will be in focus on July 31.
Emkay Global Financial is bullish on Fino Payments Bank has recommended buy rating on the stock with a target price of Rs 300 in its research report dated April 30, 2025.
Stocks to Watch, 29 Apr: Stocks like RPG Life Sciences, Adani Green Energy, Oberoi Realty, Fino Payments Bank, KFin Technologies, Plastiblends India, Hatsun Agro Product, AWL Agri Business, Adani Total Gas, Nippon Life India Asset Management, Firstsource Solutions, Go Digit General Insurance, and Greenply Industries will be in focus on April 29.
Would prefer to convert to a small finance bank, even if permitted to lend as payments bank, says Rishi Gupta, MD and CEO, Fino Payments Bank
The payments bank in Q1FY25 reported robust growth across segments. The cash management business of the bank saw some pressure on its margins, Rishi Gupta, MD and CEO said, due to a mix in clients. In addition, digital business overall saw robust growth which they would want to continue, Gupta added.
The bank, Gupta said, applied to the central bank for the permit to operate as a small finance bank in December 2023 and is currently waiting for clarity from the regulator.
The average deposits of the lender grew 49 percent on a year-on-year (YoY) basis from Rs 905 crore in FY23 to Rs 1,352 crore in FY24.
Fino payments bank now has three women members on its board
Fino Payments Bank Q3 results: The lender's average deposits grew 42 percent from Rs 955 crore in the reporting quarter to Rs 1,358 crore in the corresponding quarter last year.
On July 28, the bank’s board approved the proposal for the transition of the bank into a small finance bank (SFB).
Gupta added that his guidance is for Fino Payments Bank to grow at a 20 percent margin. He added that the bank was expecting to have 1.05 crore customers by March 2024
The company’s board has also approved a proposal to transition to a small finance bank.
The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high
For the reporting quarter, its total income grew to Rs 348 crore from Rs 289 crore in the year-ago period