Support and Resistance Levels
Past performance
About Fino Payments Bank Ltd Fino Payments Bank Limited, a wholly-owned subsidiary of Fino PayTech Limited, specializes in providing digital financial services primarily to rural and underserved communities. Established in 2007 and evolving through multiple name and structural changes, it commenced operations as a payments bank on June 30, 2017, after receiving final approval from the Reserve Bank of India (RBI). The bank operates an asset-light business model focusing on fee and commission-based income through its extensive merchant network and strategic partnerships.
Fino Payments Bank made history as the first payments bank to be listed on Indian stock exchanges by raising Rs 1200 crore through an Initial Public Offering in November 2021. Recently, it acquired a 7.98% stake in PaySprint Private Limited and has applied for a license to convert into a Small Finance Bank in 2024. As a scheduled bank since January 2021, Fino Payments Bank continues to expand its financial services, including the launch of Cash Management Services in 2020.