Fino Payments Bank's 30% Profit Surge: Exclusive Insights with MD & CEO Rishi Gupta!

Fino payments bank reported a total profit of Rs. 24.3 crores in the first quarter of this fiscal, up 30% from the last year, while the overall throughput grew 39% on year to Rs. 1,05,610 crores.

Fino Payments Bank Q1 Results: Profit jumps 30% to Rs 24.3 crore, digital business grows 15%

Total Operating Income rise 37.49% to Rs 45.33 crore

Fino Payments Bank standalone net profit rises 29.79% in the June 2024 quarter

Kalyani Forge Ltd, Starteck Finance Ltd, Fino Payments Bank Ltd and Le Travenues Technology Ltd are among the other gainers in the BSE’s ‘B’ group today, 19 June 2024.

Windsor Machines Ltd leads gainers in ‘B’ group

Ritu Singh speaks to Mann Deshi Bank's Chetna Sinha, Kaleidofin's Sucharita Mukherjee, SALT App's Shinjini Kumar, BillDesk's MN Srinivasu & Rishi Gupta of Fino Payments Bank on the rise of fintech cos & their role in changing the future of banking.

#fintech #fintechs #bankingsector #banking #digitalbanking #cnbctv18bankingsummit #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

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​So, we have been scaling up this business in a very cost effective, as well as focusing more on the distribution and kind of technology and partnerships, which we have built up.

Will take 2 years before we move from a payments bank to a SFB: Rishi Gupta, Fino Payments Bank

The company’s board has also approved a proposal to transition to a small finance bank.

Fino Payments Bank jumps 5% after Q1 net profit soars 85%

Here are the stocks to watch before going into trade today.

Stocks To Watch: Piramal Enterprises, Fino Payments Bank, Adani Green, Maruti Suzuki, Powergrid, Marico

The board of Fino Payments Bank Ltd. at its meeting held on Friday approved the proposal to apply for a Small Finance Bank (SFB) licence.

Fino Payments Bank board approves proposal to apply for SFB license

For the reporting quarter, its total income grew to Rs 348 crore from Rs 289 crore in the year-ago period

Fino Payments Bank Q1 net profit soars 85%, gets board approval to apply for SFB

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Fino Payments Bank Limited (FPBL) is an India-based scheduled commercial bank, which is engaged in providing digital based financial services. 