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Fino Payments Bank jumps on reporting 25% rise in Q4 net profit Fino Payments Bank is currently trading at Rs. 222.60, up by 4.60 points or 2.11% from its previous closing of Rs. 218.00 on the BSE. The scrip opened at Rs. 220.00 and has touched a high and low of Rs. 230.00 and Rs. 220.00 respectively. So far 35440 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 305.80 on 04-May-2022 and a 52 week low of Rs. 182.55 on 17-Nov-2022. Last one week high and low of the scrip stoo...
Fino Payments Bank jumps on reporting 25% rise in Q4 net profit
Fino Payments Bank jumps on reporting 25% rise in Q4 net profit
Source: Accord Fintech
3/05/2023 11:53:48 AM
Buy Fino Payments Bank Ltd For Target Rs.325 - ICICI Securities Sequential improvement across the board; sustainability is key Fino Payment Bank’s (Fino) Q2FY23 financial performance showed improvement across business parameters as reflected in 36% QoQ growth in earnings at Rs138mn –driven largely by 60bps QoQ gross profit margin expansion and benefits of operative leverage. Gross revenues grew 5% QoQ while total operating expenses rose only 2% QoQ. As a result, cost/income ratio moderated to 95% vs 97% in Q1FY23. Strong revenue growth and ...
Buy Fino Payments Bank Ltd For Target Rs.325 - ICICI Securities
Buy Fino Payments Bank Ltd For Target Rs.325 - ICICI Securities
Source: ICICI Securities Ltd
20/12/2022 12:19:06 PM
Protean and Fino Payments Bank tie-up to expand PAN card issuance services in India Fino Payments Bank has tied up with Protean eGov Technologies (formerly NSDL e-Governance Infrastructure Limited), a market leader in universal, citizen centric and population scale e-governance solutions, to expand PAN card issuance services in India, especially in rural areas. The association makes Fino the first payments bank to act as PAN Service Agency (PSA) of Protean and facilitate paperless PAN issuance services. The tie-up allows Protean to expand its reach in the interiors o...
Protean and Fino Payments Bank tie-up to expand PAN card issuance services in India
Protean and Fino Payments Bank tie-up to expand PAN card issuance services in India
Source: PR Agency
30/11/2022 5:38:47 PM
Fino Payments Bank jumps on reporting 75% rise in Q2 net profit Fino Payments Bank is currently trading at Rs. 207.35, up by 4.00 points or 1.97% from its previous closing of Rs. 203.35 on the BSE. The scrip opened at Rs. 208.00 and has touched a high and low of Rs. 214.50 and Rs. 206.05 respectively. So far 66697 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. 188.00 on 11-Oct-2022. Last one week high and low of the scrip stoo...
Fino Payments Bank jumps on reporting 75% rise in Q2 net profit
Fino Payments Bank jumps on reporting 75% rise in Q2 net profit
Source: Accord Fintech
1/11/2022 2:47:30 PM
Q2FY23 Financial Results : Fino Payments Bank`s consistent growth continues, profit increases 37% QoQ, revenue up 25% YoY Mumbai : Fino Payments Bank Limited (‘Fino’ or ‘Bank’) today announced its results for the second quarter ended September 2022 (Q2FY23). The Fino continued to deliver strong performance during the quarter amidst macroeconomic challenges. This highlights the strength and scalability of the Bank’s business model along with the focused growth trajectory and digital momentum driving future growth. Highlights for the Quarter Financial Highlights * Revenu...
Q2FY23 Financial Results : Fino Payments Bank`s consistent growth continues, profit increases 37% QoQ, revenue up 25% YoY
Q2FY23 Financial Results : Fino Payments Bank`s consistent growth continues, profit increases 37% QoQ, revenue up 25% YoY
Source: PR Agency
1/11/2022 2:32:07 PM
Fino Payments Bank Q1 net profit zoomed 222.68% at Rs 10.10 cr The bank reported standalone net profit of Rs 10.10 crore for the quarter ended June 30, 2022 as compared to Rs 3.13 crore in the same period last year, registering a year-on-year?growth?of 222.68 per cent. Interest income of the bank rose by 209.08 per cent at Rs 18.73 crore for the quarter ended June 30, 2022 as against Rs 6.06 crore in the corresponding period last year. During the April-June quarter, total income rose substantially by 40.15 per cent to Rs 289.05 crore from Rs 206.24 crore...
Fino Payments Bank Q1 net profit zoomed 222.68% at Rs 10.10 cr
Fino Payments Bank Q1 net profit zoomed 222.68% at Rs 10.10 cr
Source: Dion Global Solutions Ltd
28/07/2022 10:31:27 AM
Buy Fino Payments Bank Ltd For Target Rs.450 - ICICI Securities Margin expansion continued; growth momentum sustained in focused products Fino Payments Bank’s (Fino) Q4FY22 result was characterised by strong revenue growth in focused products like CASA (up 28% QoQ) and CMS (up 27% QoQ) resulting in PAT margin expanding to 6.2% vs 5.1% in Q3FY22. This led to PAT growing 25% QoQ to Rs176mn. Monthly run-rate of new CASA account opening stood at 0.025mn, and CMS monthly throughput stood at Rs30bn as on March’22, implying annulasied run-rate of ...
Buy Fino Payments Bank Ltd For Target Rs.450 - ICICI Securities
Buy Fino Payments Bank Ltd For Target Rs.450 - ICICI Securities
Source: ICICI Securities Ltd
19/05/2022 12:07:12 PM
Fino Payments Bank rises on reporting over 2-fold jump in Q4 net profit Fino Payments Bank is currently trading at Rs. 262.65, up by 2.00 points or 0.77% from its previous closing of Rs. 260.65 on the BSE. The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 292.00 and Rs. 261.00 respectively. So far 5163 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. 246.00 on 24-Feb-2022. Last one week high and low of the scrip stood...
Fino Payments Bank rises on reporting over 2-fold jump in Q4 net profit
Fino Payments Bank rises on reporting over 2-fold jump in Q4 net profit
Source: Accord Fintech
17/05/2022 12:19:42 PM
Now MGNREGA funds accessible at Fino merchant points in UP Fino Payments Bank gets included in the Uttar Pradesh’s MGNREGA bank list to receive and disburse payments Fino Payments Bank, the fintech bank for rural India, has been included in the state’s Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) bank list to receive and disburse funds to beneficiaries of the scheme. Fino, a schedule commercial bank, has already been included in the MGNREGA lists across many other states, Uttar Pradesh (UP) being the latest. I...
Now MGNREGA funds accessible at Fino merchant points in UP
Now MGNREGA funds accessible at Fino merchant points in UP
Source: PR Agency
20/04/2022 2:06:51 PM
Fino Payments Bank is Rajasthan Royals’ Digital Payments Partner Fino Payments Bank (“Fino Bank”, “Fino”) has announced that it will be the official Digital Payments Partner of the Rajasthan Royals for Season 15 of India’s biggest premier cricket competition. “Competence and Sincerity are brand attributes which strongly connect Fino Payments Bank and Rajasthan Royals. This convergence was a key factor in driving this association,” said Anand Bhatia, CMO, Fino Payments Bank This association with the Rajasthan ...
Fino Payments Bank is Rajasthan Royals’ Digital Payments Partner
Fino Payments Bank is Rajasthan Royals’ Digital Payments Partner
Source: PR Agency
23/03/2022 3:58:02 PM
Update on Fino Payments Bank Ltd By Motilal Oswal Fino Payments Bank: Growth momentum robust; operating leverage to aid earnings Product mix to shift in favor of higher margin products We hosted an investor interaction with Mr. Ketan Merchant, CFO, Fino Payments Bank. It began operations in CY06 and received its Payments Bank license in CY17. It started operations with Remittance and BC banking and subsequently ventured into Micro ATM and Aadhaar Enabled Payments System (AEPS), CASA, and the CMS business. He spoke on the bank’s p...
Update on Fino Payments Bank Ltd By Motilal Oswal
Update on Fino Payments Bank Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
22/02/2022 10:43:39 AM
Buy Fino Payments Bank Ltd For Target Rs.475 - ICICI Securities A unique business model; niche position in untapped rural India We initiate coverage on Fino Payments Bank (Fino) with BUY rating and TP of Rs475. Fino is uniquely positioned to capture growing opportunities in rural India, led by deep-rural products like MATM (~51% market share as on Aug’21) & AEPS, tailor-made CASA accounts for under-served population, and payment app called “FinoPay” targeting rural population. Further on B2B2C side, it offers CMS service (110 part...
Buy Fino Payments Bank Ltd For Target Rs.475 - ICICI Securities
Buy Fino Payments Bank Ltd For Target Rs.475 - ICICI Securities
Source: ICICI Securities Ltd
4/01/2022 11:45:30 AM
Fino Payments Bank shines after getting RBI approval for cross border remittance through MTSS 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 sto...
Fino Payments Bank shines after getting RBI approval for cross border remittance through MTSS
Fino Payments Bank shines after getting RBI approval for cross border remittance through MTSS
Source: Accord Fintech
3/01/2022 3:30:49 PM
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities Key News After bumper listing, Nykaa reports 96% decline in Q2 net profit Fashion and cosmetics online retailer Nykaa’s net profit fell 96 per cent to Rs 1.1 crore in the September quarter (second quarter, or Q2) on a year-onyear (YoY) basis and 69 per cent, compared with the June quarter. The company, which hit Rs 1 trillion in market capitalisation after listing on the bourses last week, saw its revenue from operations increase 47 per cent to Rs 885 crore on a YoY basis. Nykaa&...
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities
Source: ARETE Securities Ltd
15/11/2021 9:29:42 AM
Profitable Fintech, Fino Payments Bank`s IPO subscribed 87% on Day 2: Retail portion booked 4.65 times Chennai : Fino Payments Bank Limited (“Company”); one of the growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus, received bids of 99,90,600 shares against the offered 1,14,64,664 equity shares, as per the 5:00 pm data available on the bourses. The initial public offering of Fino Payments Bank witnessed strong retail investor interest on the second day of subscription as well. De...
Profitable Fintech, Fino Payments Bank`s IPO subscribed 87% on Day 2: Retail portion booked 4.65 times
Profitable Fintech, Fino Payments Bank`s IPO subscribed 87% on Day 2: Retail portion booked 4.65 times
Source: PR Agency
1/11/2021 6:14:57 PM
IPO Review - Fino Payments Bank Ltd By ICICI Direct Fino Payments Bank is a fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. The bank commenced its business operations in June 2017 post RBI’s approval to carry out business as payments bank. * Key products of the bank include CASA account, debit cards, domestic remittances, micro-ATM facility among others * As of June 2021, the bank has 724671 merchants and 17430 BCs * The bank has an operational pre...
IPO Review - Fino Payments Bank Ltd By ICICI Direct
IPO Review - Fino Payments Bank Ltd By ICICI Direct
Source: ICICI Direct
29/10/2021 11:47:05 AM
IPO Note - Fino Payments Bank Ltd By Nirmal Bang BACKGROUND Fino Payments Bank is a fintech company offering diverse range of financial products and services that are primarily digital and have a payments focus, generating fee and commission based income for the bank. Details and Objects of the Issue * The total issue size is Rs. 1200 Cr constituting (i) Offer For Sale of up to 1.56 Cr equity shares aggregating to Rs. 900 Cr by the promoter; and (ii) fresh issue of up to 0.52 Cr equity shares aggregating to Rs. 300 Cr. The Off...
IPO Note - Fino Payments Bank Ltd By Nirmal Bang
IPO Note - Fino Payments Bank Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
29/10/2021 11:39:03 AM
Quote on Fino Payments Bank IPO By Mr. Jyoti Roy, Angel One Ltd Below is quote on Fino Payments Bank IPO By Mr. Jyoti Roy - DVP- Equity Strategist, Angel One Ltd Fino Payments Bank is coming out with an IPO of Rs. 1,174-1,200 crore at a price band of Rs. 560-577. The IPO will consist of an offer for sale of upto 1.56 crore shares and fresh issue of shares amounting to Rs 300 crores. The issue opens on 29th Oct 2021 and closes on 2nd Nov 2021. Fino payment Bank Ltd was incorporated in 2017...
Quote on Fino Payments Bank IPO By Mr. Jyoti Roy, Angel One Ltd
Quote on Fino Payments Bank IPO By Mr. Jyoti Roy, Angel One Ltd
Source: Angel One Ltd
28/10/2021 5:06:39 PM
IPO Note - Fino Payments Bank Ltd By Choice Broking Salient features of the IPO: * Fino Payments Bank Limited (FPBL) is a fintech company with primary focus to offers financials products & services to unserved and underserved population of Indian society. * FPBL started operations as payment bank in 2017 after getting inprinciple approval from the RBI to set up a payment bank Competitive Strengths * Strong distribution-technology-partnership framework * A technology focused business model with an advance digital platfor...
IPO Note - Fino Payments Bank Ltd By Choice Broking
IPO Note - Fino Payments Bank Ltd By Choice Broking
Source: Choice Broking
28/10/2021 2:24:54 PM
IPO Note - Fino Payments Bank By GEPL Capital Company Background Fino Payments Bank Limited (“Fino Bank”) was incorporated on June 23, 2007. Fino Bank is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. The Bank offers such products and services to their target market via a pan-India distribution network and proprietary technologies, and since 2017, they have grown their operational presence to cover over 90% of districts as of Septe...
IPO Note - Fino Payments Bank By GEPL Capital
IPO Note - Fino Payments Bank By GEPL Capital
Source: GEPL Capital Ltd
28/10/2021 12:01:58 PM
IPO Note - Fino Payments Bank Ltd By Religare Broking Ltd Fino Payments Bank Ltd About the Company Fino Payments Bank Ltd (Fino Bank) is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. It operates an asset-light business model referred to as “phygital” delivery model (i.e., a combination of physical and digital). They serve the “unserved and underserved” population and provide products and services include various current account...
IPO Note - Fino Payments Bank Ltd By Religare Broking Ltd
IPO Note - Fino Payments Bank Ltd By Religare Broking Ltd
Source: Religare Broking Ltd
28/10/2021 11:55:44 AM
IPO Note - Fino Payments Bank Ltd By Swastika Investmart Incorporated in 2017, Fino Payments is a growing fintech company offering a wide portfolio of digital financial products and services in India. The company offers a diverse range of financial products and services via a pan-India distribution network and proprietary technologies. Since 2017, they have grown their operational presence to cover over 90% of districts as of September 31, 2021. * Fino Bank operates an asset light business model that is underpinned by their “phygital&...
IPO Note - Fino Payments Bank Ltd By Swastika Investmart
IPO Note - Fino Payments Bank Ltd By Swastika Investmart
Source: Swastika Investmart Ltd
27/10/2021 3:48:02 PM
Fino Payments Bank Limited`s proposed initial public offering * Price Band of ₹560 – ₹577 per equity share bearing face value of ₹10 each (“Equity Shares”). * Bid/Offer Opening Date – Friday, October, 29 2021 and Bid/Offer Closing Date – Tuesday, November 02, 2021. * Minimum Bid Lot is 25 Equity Shares and in multiples of 25 Equity Shares thereafter. * The Floor Price is 56 times the face value of the Equity Shares and the Cap Price is 57.7 times the face value of the Equity Shares. Chennai : Fino Payments ...
Fino Payments Bank Limited`s proposed initial public offering
Fino Payments Bank Limited`s proposed initial public offering
Source: PR Agency
27/10/2021 11:18:25 AM
Key News - Apollo Tyres Ltd, HDFC Ltd, Mahindra Lifespace Developers Ltd, Snapdeal, Fino Payments Bank By ARETE Securities Key News Apollo Tyres eyes becoming $5 bn firm by 2026 as auto mkt, exports improve Apollo Tyres Ltd is planning to become a $5 billion company by 2026 on the back of Apollo and Vredestein's dual brand strategy, an improving economy, higher exports and a sharp recovery in India's automobile sector. The next five years will be about consolidation and reaping the benefits of investments made in technology, capacity and brands over the last five years, said Satish Sharma, president...
Key News - Apollo Tyres Ltd, HDFC Ltd, Mahindra Lifespace Developers Ltd, Snapdeal, Fino Payments Bank By ARETE Securities
Key News - Apollo Tyres Ltd, HDFC Ltd, Mahindra Lifespace Developers Ltd, Snapdeal, Fino Payments Bank By ARETE Securities
Source: ARETE Securities Ltd
27/10/2021 9:37:35 AM
Fino Payments Bank announces launch of initial public offering Fino Payments Bank Ltd. has announced public offering of 20802307 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 567.00 per share. The gross proceeds of the issue are expected to be Rs 1,20,029.31 lakhs. The company's initial public offer (IPO) will open on 29 October 2021 and is expected to close on 02 November 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 560.00-577.00 per share. The IPO includes a fresh Issue of 20802...
Fino Payments Bank announces launch of initial public offering
Fino Payments Bank announces launch of initial public offering
Source: Dion Global Solutions Ltd
26/10/2021 12:13:53 PM
Fino Payments Bank, the first profitable fintech gets Sebi nod for its IPO Chennai, 4th October 2021:  Fino Payments Bank has received market regulator Sebi's go-ahead for an initial public offering (IPO). According to market sources, the IPO is expected to raise Rs 1,300 crore. The fintech bank, which filed preliminary IPO papers with Sebi in the last week of July, obtained its observations on 1st October, an update with Sebi showed on Monday. Sebi's observations are necessary for any company to launch public issues like IPO, fol...
Fino Payments Bank, the first profitable fintech gets Sebi nod for its IPO
Fino Payments Bank, the first profitable fintech gets Sebi nod for its IPO
Source: PR Agency
4/10/2021 5:51:42 PM