Fino Payments Bank shines after getting RBI approval for cross border remittance through MTSS
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Fino Payments Bank is currently trading at Rs. 382.25, up by 11.50 points or 3.10% from its previous closing of Rs. 370.75 on the BSE.
The scrip opened at Rs. 368.20 and has touched a high and low of Rs. 393.00 and Rs. 368.20 respectively. So far 25170 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.35 on 12-Nov-2021 and a 52 week low of Rs. 360.00 on 30-Dec-2021.
Last one week high and low of the scrip stood at Rs. 400.70 and Rs. 360.00 respectively. The current market cap of the company is Rs. 3180.87 crore.
Fino Payments Bank has received the RBI approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS). The bank will be undertaking inward cross-border money transfer activities and will be partnering with an overseas principal. It has also received the approval to partner with one of the largest global remittance service providers as its overseas principal.
Fino Payments Bank (FPBL) is a scheduled commercial bank serving the emerging India market with its digital based financial services.
