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  • Buy Fino Payments Bank; target of Rs 300: Emkay Global Financial

    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.

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  • MC Exclusive | We're on course to be small finance bank, talks on with RBI: Fino Payments Bank chief Rishi Gupta

    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

  • Fino Payments Bank chief draws up blueprint for aggressive growth in digital, cash management business

    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.

  • Fino Payments Bank awaiting inputs on SFB licence from RBI, says CEO Rishi Gupta

    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.

  • Fino Payments Bank Q4 net profit jumps 14% to Rs 25.2 crore

    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 appoints 2 women Independent Directors on Board

    Fino payments bank now has three women members on its board

  • Fino Payments Bank Q3 results: Net profit jumps 19% to Rs 22.8 crore

    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.

  • Fino Payments Bank applies for SFB license with RBI

    On July 28, the bank’s board approved the proposal for the transition of the bank into a small finance bank (SFB).

  • Want to enter MF business with an aggregator: Fino Payments Bank MD & CEO Rishi Gupta

    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

  • Fino Payments Bank jumps 5% after Q1 net profit soars 85%

    The company’s board has also approved a proposal to transition to a small finance bank.

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  • Fino Payments Bank Q1 net profit soars 85%, gets board approval to apply for SFB

    For the reporting quarter, its total income grew to Rs 348 crore from Rs 289 crore in the year-ago period

  • Interview | Fino plans to almost triple deposits to Rs 3,500 crore by 2026

    Fino is working on plans to become a small finance bank, although it hasn’t set a timeline, chief financial officer Ketan Merchant said.

  • Fino Payments Bank gains 4% as Q4 profit zooms 25% to Rs 22 crore

    The company’s net profit jumped 25 percent YoY to Rs 22 crore while total revenue increased 13 percent YoY TO Rs 323 crore. Total deposits for the quarter jumped 66 percent on a yearly basis to Rs 1,200 crore.

  • Fino's Q3 net profit jumps 35% on widening margins

    The Navi Mumbai-based payments bank said its revenues grew 14.2 per cent to Rs 314.1 crore during the reporting quarter.

  • Interview: Year 2023 will be big for payments banks, expect growth-supportive measures from RBI, says Fino Payments Bank CFO

    Creating a level playing field with other financial institutions a must, hence expecting relaxation in end-of-the-day deposit and other services, Ketan Merchant, CFO, said

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  • Fino Payments Bank mulling transition to SFB, to approach RBI after internal approvals: MD

    Instead of following the traditional brick-and-mortar credit-based model, Fino's SFB plan will offer products to the customer through merchant points and a digital platform in an asset-light manner, Rishi Gupta says.

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  • Branchless banking points expansion in North East by Fino Payments bank

    The bank started operations in June 2017 following RBI's license to promote digital payments and enable financial inclusion, providing banking services in unbanked and under-banked locations through a branchless network of tech-enabled points, the Bank's Chief Sales Officer Shailesh Pandey told PTI.

  • Fino Payments Bank approves re-appointment of Rishi Gupta as MD & CEO for 3 years

    Board also approves the appointment of Rakesh Bhartia as independent director for five years

  • Payments Bank model can be cracked, but RBI should allow small-ticket loans to boost growth, says Fino PB MD Gupta

    Gupta was referring to RBI guidelines that say Payments Banks cannot lend; they also cannot accept deposits in excess of Rs. 2 lakh. 

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