IPL 2023: Fino Payments Bank Teams Up With Rajasthan Royals as Digital Banking Partner

Fino Payments Bank reported 35.5% rise in net profit to Rs 19.1 crore on a 16.8% increase in net revenue to Rs 100.8 crore in Q3 FY23 over Q3 FY22.

Fino Payments Bank records over 35% YoY rise in Q3 PAT

Fino Payments Bank on Thursday posted a 35.5 per cent jump in its December quarter net profit at Rs 19.1 crore, aided by widening profit margins.

Fino Payment Bank’s Q3 net profit jumps by 35% on widening margins

Revenue was up 14.2 per cent yoy at ₹314.1 crore

Fino Payments Bank logs 35.5% increase in Q3 profit

The new interest rates are effective from January 7

Fino Payments Bank hikes interest rate on SB deposits

In addition to the hike in interest, the bank’s customers will also get monthly interest pay-outs on their balances.

Fino Payments Bank ups interest rate on savings deposit to 5%

India is progressing in terms of technology and accessibility. But, there are still pockets of the country where people have been left out. Fino Payments Bank claims to bridge that gap. The fintech provides banking services like a traditional bank but via its 12 lakh merchants present in 95% of districts of the country. But how do these banking services work? What is a micro ATM and how does it work? And how is the company navigating the downturn? Rishi Gupta, the MD & CEO at Fino Payments Bank, joins ET NOW's Nayantara Rai on a stroll through the markets of Noida to understand the system better. Tune into this special edition of #StartupCentral.

#finopayment #finopaymentbank
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Facilitating Financial Inclusion: Fino Payments Bank | Start Up Central

Stocks to watch out for today: Lupin, Biocon, Veranda Learning Solutions, Fino Payments Bank, PB Fintech, Hariom Pipe Industries, Cummins India, Tube Investments, PNB and more

Stocks in news: Lupin, Biocon, Policybazaar, Cummins India and more

Hedge fund WF Asian Smaller Companies Fund has purchased 67.75 lakh shares in Policybazaar operator via open market transactions, which is 1.5 percent of total paid-up equity

Bulk deals on NSE: Capri Global buys stake in Fino Payments Bank, Hedge Fund buys shares of PB Fintech and more

Stocks to watch out for today: Tata Consumer, Apollo Tyres, BASF India, Indian Overseas Bank, InterGlobe Aviation, Keystone Realtors, Inox Green Energy, Voltamp Transformers, IIFL Wealth Management, HEG, Can Fin Homes, Fino Payments Bank and more

Stocks in news: Tata Consumer, Apollo Tyres, Inox Green, Can Fin Homes and more

Elara India Opportunities Fund too sold 22.07 lakh shares in Inox Green Energy at an average price of Rs 60.17 per share

Bulk Deals: Polus Global exits Inox Green on listing day, Capri Global buys stake in Fino Payments Bank and more

Hasn't faired 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. 