121.79 -2.72(-2.18%)
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Fino Payments Bank Limited was incorporated as Fino Fintech Foundation on 23 June, 2007. The name of the Company was changed to Fino Fintech Private Limited and a fresh Certificate of Incorporation dated 15 December, 2015 was issued by Registrar of Companies, Maharashtra at Mumbai. Thereafter the name was changed to Fino Fintech Limited on 03 February, 2017. Pursuant to receipt of approval by RBI, the name of the Bank was changed to Fino Payments Bank Limited on 04 April, 2017. Fino PayTech Limited is the Bank's sole promoter, specialising in technology based solutions and services for financial inclusion. The Bank is a wholly owned subsidiary of Fino PayTech Limited. The Bank is engaged in providing a wide range of financial services to the rural,poor and underserved and unserved classes. Fino Payments Bank offers a diverse range of financial products and services that are primarily digital and have a payments focus, and operates an asset light business model that principally relies on fee and commission based income generated from merchant network and strategic commercial relationships. The Bank commenced its business operations on 30 June 2017. The Company launched Cash Management Services (CMS) in FY 2020.The Company made an Initial Public Offer by issuing upt...