Fino Payments Bank Q3 results: Net profit jumps 19% to Rs 22.8 crore
Thu, Feb 1, 2024 12:41 PM

Fino Payments Bank Q3 results: Net profit jumps 19% to Rs 22.8 crore

A Flip by Shubhangi Gupta
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Mumbai-based Fino Payments Bank posted a net profit of Rs 22.8 crore in the Oct-Dec quarter, with a 19 percent year-on-year increase. The bank's average deposits grew by 42% and it has applied for an SFB license with RBI. The bank's board has also approved a proposal to transition into an SFB. A committee has been formed to explore corporate restructuring. Shares closed 1.30% higher at Rs 331.20.

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