Fino Payments Bank Ltd - 543386 - Adoption Of Fino Payments Bank Limited-Employee Stock Option Policy, 2023
The Board of Directors of the Bank at its meeting held today i.e. July 28, 2023 has considered and approved the adoption of Fino Payments Bank Limited-Employee Stock Option Policy, 2023, subject to approval of shareholders. Fino Payments Bank Ltd - 543386 - Increase In Authorised Share Capital
The Board of Directors of the Bank at its meeting held today i.e. July 28, 2023 has considered and approved the increase in authorised share capital of the Bank from existing authorised share capital of Rs. 85 crores to Rs. 90 crores and consequent amendment in Clause V of the Memorandum of Association of the Bank, subject to approval by RBI and shareholders of the Bank. Q1FY24 Quarterly Result Announced for Fino Payments Bank Ltd.
Fino Payments Bank announced Q1FY24 results: Revenue increased 21% YoY to Rs 348 crore. EBITDA and PAT expanded by 72% and 85% YoY to Rs 41 crore and Rs 19 crore, respectively. PAT margins increased to 5.4% in Q1FY24 from 3.5% in Q1FY23 while EBITDA margins increased to 11.6% from 8.2% for the same period. Q1FY24 RoE at 13.6% v/s 8.5% in Q1FY23. Q1FY24 was the first-ever quarter where the total throughput crossed Rs 75,000 crore. Digital throughput grew 94% YoY to Rs 18,351 crore; digital throughput is also 24% of overall throughput in Q1FY24, up from 16% in Q1FY23 ~41 crore transactions were processed in the Fino ecosystem, up 63% YoY Rishi Gupta, CEO & Managing Director said, “We are very happy to announce another quarter of strong performance which is in the right direction towards meeting our stated guidance of FY26. We intend to supplement payments bank business with lending to known customers through the enhancement of license. Our opportunity to grow by transiting to SFB is significant on the back of optimal leveraging of our widespread network to cater to the unmet credit demand of our merchants and customers. Fino’s core business activity will continue to be that of a banking service provider to the existing target segment with credit as an additional service offering.” Ketan Merchant, Chief Financial Officer said, “We are delighted to announce the highest ever quarterly revenue in the bank’s history as we continue to aim to grow at 20 percent YoY, focusing on customer ownership business and high margin products. Our SFB will be a Payments Bank++ model, different from existing players wherein the fee-based income will constitute 75% - 80% of the revenue in the first few years of operation.” Result PDF Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we enclosed herewith revised Press Release, inter-alia, on Unaudited Financial Results of the Bank for the first quarter ended June 30, 2023. Fino Payments Bank Ltd - 543386 - Announcement Under Regulation 30 SEBI (LODR)-Evaluation Of Proposal For Group Corporate Restructuring
The Board of Directors of the Bank at its meeting held today i.e. July 28, 2023 has considered and approved the evaluation of proposal for Group Corporate Restructuring. Fino Payments Bank Ltd - 543386 - Announcement Under Regulation 30 (LODR)-Transition To Small Finance Bank
The Board of Directors at its meeting held today i.e. Friday, July 28, 2023 has considered and approved the proposal of transition of Bank to Small Finance Bank, subject to fulfilment of necessary requirements and obtaining the necessary statutory/regulatory approvals. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we enclosed herewith Investor Presentation on Unaudited Financial Results for the first quarter ended June 30, 2023 Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we enclosed herewith the Press Release on Unaudited Financial Results for the quarter ended June 30, 2023. Fino Payments Bank Ltd - 543386 - Unaudited Financial Results Of The Bank For The First Quarter Ended June 30, 2023 Along With Limited Review Report Issued By The Statutory Central Auditor Of The Bank
The Board has approved Unaudited Financial Results of the Bank for the first quarter ended June 30, 2023 along with Limited Review Report. Fino Payments Bank Ltd - 543386 - Board Meeting Outcome for Outcome Of The Board Meeting Held On July 28, 2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of Fino Payments Bank Limited at its meeting held today i.e. Friday, July 28, 2023 has inter-alia considered and approved the matters mentioned in the attached letter.