Fino Payments Bank gets RBI nod to become SFB

Fino Payments Bank Ltd has announced that it has received the Reserve Bank of India’s ‘In-principle’ approval to convert into a Small Finance Bank (SFB).

Rishi Gupta, MD & CEO, Fino Payments Bank, said, “The ‘In-principle’ approval is a historic and momentous occasion in Fino’s evolution journey. The approval is a testament to our consistent performance, ability to take technology-led banking to the masses, promote digital payments and adherence to compliance and regulatory guidelines.”