This smallcap payments bank has zoomed 57% in 6 wks; trades below IPO price

Quick Summary:

Fino Payments Bank surged 8 per cent on the BSE to hit an over two-year high of Rs 449.95 in Thursday's intra-day trade.

Meanwhile, in Q1FY25, Fino Bank facilitated transactions worth Rs 1.05 trillion, of which Rs 44,197 crore were processed digitally.

Fino Bank is one of the six payment banks operational in India and is now looking to become a small finance bank (SFB).

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Category: BusinessFinance

Markets: India

Topics: Sensex today UPI Banking stocks Stock market today Intel Fino Bank IFC RBI Blackstone Unified Payments Interface LIC Fino Payments Bank share Nifty today Reserve Bank of India Share market today Smallcap payments bank Buzzing Stocks Fino Paytech Fino Bank share price Small finance bank SFB Fino Payments Bank share price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 14:43:51 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 673 words

Reading Time: 4 minutes read

Sentences: 30 lines

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Copyright Owner: © Business Standard

News ID: 22373488

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