The increase in cost was primarily on account of increase in cost of funds for MTF (margin trading facility) book
Net Sales at Rs 884.69 crore in March 2023 down 0.76% from Rs. 891.49 crore in March 2022.
Fino Payments Bank turned profitable in the fourth quarter of FY 20 and counts Airtel Payments Bank, Indian Post Payments Bank, Paytm Payment Bank, Jio Payments Bank & NSDL Payment Bank as its rivals.