Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the representatives of Fino Payments Bank Limited had an investors/analysts interactions/ meetings on November 14, 2022 with the following: 1. Nine Rivers Capital Holdings Pvt. Ltd. 2. Fractal Capital 3. HDFC Mutual Fund. Fino Payments Bank Ltd - 543386 - Half-Yearly Disclosure Of Related Party Transactions For The Period Ended September 30, 2022
Pursuant to Regulation 23 of the Listing Regulations, we enclosed herewith half-yearly disclosure of Related Party Transactions for the period ended September 30, 2022. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Cessation
This is with reference to our letter dated November 03, 2022 regarding the resignation of Mr. Ravi Subbaiah Pagadala as Nominee Director from the Board of Fino Payments Bank Limited ('the Bank'), we hereby inform that Mr. Ravi Subbaiah Pagadala (DIN: 08183038) has resigned as Nominee Director from the Board of the Bank with effect from November 02, 2022 due to the internal process of the nominating institution. This intimation is being given pursuant to the provisions of Regulation 30 read with Schedule III of the Listing Regulations read with SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015. Kindly take the above on your record. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Cessation
This is with reference to our letter dated November 03, 2022 regarding the resignation of Mr. Ravi Subbaiah Pagadala as Nominee Director from the Board of Fino Payments Bank Limited ('the Bank'), we hereby inform that Mr. Ravi Subbaiah Pagadala (DIN: 08183038) has resigned as Nominee Director from the Board of the Bank with effect from November 02, 2022 due to the internal process of the nominating institution. This intimation is being given pursuant to the provisions of Regulation 30 read with Schedule III of the Listing Regulations read with SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015. Kindly take the above on your record. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In continuation of our letters dated October 27, 2022 and November 01, 2022 please find enclosed herewith the transcript of the earnings call with the investors and analysts held on November 01, 2022. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Cessation
Mr. Ravi Subbaiah Pagadala (DIN: 08183038) has resigned as Nominee Director from the Board of the Bank with effect from November 02, 2022. The Board of Directors at its aforesaid meeting (i.e. November 02, 2022) Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Change in Directorate
Mr. Suresh Kumar Jain has expressed his unwillingness to take the position of Part-time Chairman of the Bank due to his personal reasons. Accordingly, the Board of Directors at its meeting held on November 02, 2022 took note of the same and subject to approval of RBI, approved the appointment of Mr. Rakesh Bhartia (DIN: 00877865), Independent Director as Part-time Chairman of the Bank for a period of 3 years with effect from the date of approval of the RBI Fino Payments Bank Ltd - 543386 - Board Meeting Outcome for Outcome Of The Board Meeting Held On November 02, 2022
This is in furtherance to our letter dated September 03, 2022 intimating the appointment of Mr. Suresh Kumar Jain (DIN: 05103064), Independent Director as Part-time Chairman of Fino Payments Bank Limited ('Bank'), subject to the approval of Reserve Bank of India, we hereby inform that Mr. Suresh Kumar Jain has expressed his unwillingness to take the position of Part-time Chairman of the Bank due to his personal reasons. Accordingly, the Board of Directors at its meeting held on November 02, 2022 took note of the same and subject to approval of RBI, approved the appointment of Mr. Rakesh Bhartia (DIN: 00877865), Independent Director as Part-time Chairman of the Bank for a period of 3 years with effect from the date of approval of the RBI. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the Listing Regulations, enclosed herewith are the copies of newspaper publication of Audited Financial Result of Fino Payments Bank Limited ('Bank') for the quarter and half year ended September 30, 2022 published in Financial Express (English newspaper), Free Press Journal (English newspaper) and Navshakti (Marathi newspaper) on November 02, 2022. Q2FY23 Quarterly Result Announced for Fino Payments Bank Ltd.
Fino Payments Bank announced Q2FY23 results: Revenue up 25% YoY to Rs.303 crore in Q2FY23 Net revenue margin improved from 30.3% to 30.9% on a QoQ basis EBITDA and PAT grew by 71% and 75% YoY to Rs.30.5 crore and Rs.13.8 crore, respectively EBITDA margins widened to 10.1% in Q2FY23 from 7.4% in Q2FY22 while PAT margins widened to 4.6% in Q2FY23 from 3.3% in Q2FY22 Subscription revenue increased to 30% from 25% on a QoQ basis indicating sustainable annuity income. Rishi Gupta, CEO & Managing Director said, “This quarter marks completion of 21 quarters in our banking journey and I’m amazed to see the progress we have made since the Bank’s inception in 2017. Our continuous focus on growth and profitability has given us good dividends. The strong performance during the first half of FY23, even in the midst of macroeconomic challenges, makes us confident of a strong H2 FY23. Towards our endeavour to create a sustainable and credible bank, the journey ahead looks exciting as we aim to continue the momentum and explore growth opportunities.” Ketan Merchant, Chief Financial Officer said, “Q2 was another quarter of solid execution and we continue to progress on our growth & profitable journey. Our Business model is structured to generate disproportionate bottom line growth due to operating leverage play as evident in Q2’23 PAT margin. We are confident that our well-invested infrastructure and our high margin product growth will give us a unique financial edge in H2’23 and beyond.” Result PDF