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FINO FINANCE
Fino Payments bank CEO Rishi Gupta resigns after 'fit and proper' clearance, interim chief extendedFino Payments Bank board accepted Rishi Gupta's resignation as MD and CEO. This decision came even after the board found him fit and proper...- Fino eyes asset-light, tech-led small finance bankFino Payments Bank is moving forward with its plan to become a small finance bank. The bank will focus on technology and secured lending, a...
- Fino Payments Bank defers MD Rishi Gupta's reappointment; awaits RBI reviewFino Payments Bank has paused the re-appointment of its Managing Director, Rishi Gupta. This decision comes as the Reserve Bank of India wi...
- Fino Payments Bank shares crash 19% on report of possible ED probe; lender clarifiesFino Payments Bank shares tumbled over 19% to a record low after a report said some online gaming transactions linked to the lender may att...
- Gaming transactions involving Fino Bank may face ED probeInvestigators found many cases of funds routed through multiple accounts or entities to obscure their origin, necessitating a deeper scruti...
- Fino Payments Bank says it's focused on SFB transitionFino Payments Bank's interim head Ketan Merchant stated the arrest of CEO Rishi Gupta will not affect the bank's transition to a small fina...
- Large investors in Fino have 18 months to cut stakesFino Paytech has secured the green light to upgrade its payments bank to a small finance bank, following the guidelines set by the Reserve ...
- Fino Payments doubles down on loans, SFB aim in focusBeing a payments bank, Mumbai-based Fino cannot offer credit from its own balance sheet. It needs to work with other lenders as a sourcing ...
- Fino doubles down on credit disbursals to strengthen its SFB pitchFino Payments Bank expands its credit disbursement business via lending partnerships, scaling loans rapidly. It aims for an SFB license, di...
- Ujjivan Financial Services, Fino Finance, other NBFCs surrender licensesNine non-banking finance companies, including Ujjivan Financial Services and Fino Finance, have given up their licenses for various reasons...
- Fino Payments Bank applies for small finance bank license from RBIFino Payments Bank has applied for a small finance bank license. The bank has been preparing itself for an upgrade in terms of banking acti...
- Fino Payments discussing SFB transition internally; will approach RBI at right time : MD & CEO GuptaRBI guidelines stipulate that a payments bank more than five years old can apply for a licence for a small finance bank (SFB), Gupta said. ...
- Fino Payments Bank zooms 4% on RBI nod for offering FD, RD services to partner banksAccording to a PTI report, in a letter dated April 19, the RBI stated that Fino Bank can carry out referral services of term deposit produc...
- Fino Payments Bank receives RBI nod to offer partner bank's FD, RD servicesIn its letter dated April 19, the RBI stated that Fino Bank can carry out referral services of term deposit products in the form of FD and ...
- IPO-bound Fino PayTech to raise Rs 75 crore via right issueFino PayTech is eyeing to raise about Rs 74.75 crore by issuing 29,66,470 crore equity shares to eligible shareholders via a rights issue.
- Surge in transactions helps Fino Payments Bank move into blackFino expects to complete Rs 60,000 crore worth of transactions in the first half of Fy21, up 36% from Rs 44 000 crore in the same period la...
- FINO, Reliance Finance to provide credit to rural poor in Maharashtra, Madhya PradeshA press release said that Fintech Foundation, an associate company of FINO, would source and service customers on behalf of Reliance Commer...
- ICICI Group may hike stake in licensed payment bank FINO PayTechICICI may pick up stake through ICICI Lombard as new payment bank looks to comply with RBI regulations.
- Fino gets World Bank Group's development finance institution IFC's fundingGlobal private equity major Blackstone had in July invested Rs 150 crore for an undisclosed stake to become the largest shareholder in FINO.
- IFC to help microfinance firms use IT in rural areasThe focus will be on developing banking solutions that will help microfinance institutions automate government payments, banking and other ...
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