Fino Payments Bank Share Price
Fino Payments Bank Ltd.
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About Fino Payments Bank
On June 23, 2007, the Bank's predecessor, the Fino Fintech Foundation, was formally established. A new certificate of incorporation was given by the Registrar of Companies, Maharashtra, in Mumbai on December 15, 2015, after the company changed its name to Fino Fintech Private Limited through a surrender of its license under Section 8 of the Companies Act 2013. On 3 February 2017, after the Bank's conversion to a public limited company, the name was changed to Fino Fintech Limited.
In its letter dated September 7, 2015, the RBI gave the Promoter Fino PayTech Limited its in-principle permission to launch a payments bank (Payments Bank). On 30 March 2017, the Bank subsequently got the RBI's final clearance to operate as a Payments Bank. After receiving permission from the Reserve Bank of India, the bank officially became Fino Payments Bank Limited on April 4, 2017. On June 30, 2017, the Bank opened for business. The bank is wholly owned by FINO PayTech Ltd, which offers banking and business technology platform-based services and solutions to increase financial inclusion.
The bank's primary focus is on serving the underprivileged and underserved populations in rural areas. Fino Payments Bank employs an asset-light business strategy that is primarily reliant on fee and commission-based revenue produced via merchant networks and strategic commercial connections, and it provides a wide variety of digital financial products and services with a payments focus. Its platform processed around 43.5 crores and 12.33 crore transactions with a total transaction value of Rs 132930.69 crore and Rs 39035.99 crore in FY2021 and the three months ending 30 June 2021, respectively.
The bank issued a Rs 1200.29-crore IPO in October 2021, split between a new issue of Rs 300 crore and an offer for sale by the promoter of Rs 900.29 crore. The latest issue's proceeds will increase the bank's tier-1 capital base in preparation for the bank's future capital needs. The price per share for the IPO, which included the premium of Rs 567, was Rs 577. On November 12, 2021, the authorized shares debuted on the National Stock Exchange of India Ltd(NSE) and the Bombay Stock Exchange (BSE). Do you want to know about the Fino Payments Bank Shares? Click Here to know about today’s Fino Payments Bank Share Price.
In its letter dated September 7, 2015, the RBI gave the Promoter Fino PayTech Limited its in-principle permission to launch a payments bank (Payments Bank). On 30 March 2017, the Bank subsequently got the RBI's final clearance to operate as a Payments Bank. After receiving permission from the Reserve Bank of India, the bank officially became Fino Payments Bank Limited on April 4, 2017. On June 30, 2017, the Bank opened for business. The bank is wholly owned by FINO PayTech Ltd, which offers banking and business technology platform-based services and solutions to increase financial inclusion.
The bank's primary focus is on serving the underprivileged and underserved populations in rural areas. Fino Payments Bank employs an asset-light business strategy that is primarily reliant on fee and commission-based revenue produced via merchant networks and strategic commercial connections, and it provides a wide variety of digital financial products and services with a payments focus. Its platform processed around 43.5 crores and 12.33 crore transactions with a total transaction value of Rs 132930.69 crore and Rs 39035.99 crore in FY2021 and the three months ending 30 June 2021, respectively.
The bank issued a Rs 1200.29-crore IPO in October 2021, split between a new issue of Rs 300 crore and an offer for sale by the promoter of Rs 900.29 crore. The latest issue's proceeds will increase the bank's tier-1 capital base in preparation for the bank's future capital needs. The price per share for the IPO, which included the premium of Rs 567, was Rs 577. On November 12, 2021, the authorized shares debuted on the National Stock Exchange of India Ltd(NSE) and the Bombay Stock Exchange (BSE). Do you want to know about the Fino Payments Bank Shares? Click Here to know about today’s Fino Payments Bank Share Price.
Fundamentals of Fino Payments Bank Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 1730.44 Cr |
48.79 |
4.38 |
25.99 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
13.63 % |
5.14 |
0.00 % |
62.45 |
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What is the Market Cap of Fino Payments Bank Ltd. shares?
As of 31 Mar`23 the Market Cap of Fino Payments Bank Ltd. is 1730.44.
What is the PE and PB ratio of Fino Payments Bank Ltd. stock?
As of 31 Mar`23 the PE is 48.79 and PB is 4.38.
Fino Payments Bank - Quaterly Results
Publish Date: 31/10/2022
The total revenue for the September 2022 quarter zoomed 204.83% to Rs. 214.60 millions as compared to Rs. 70.40 millions during the year-ago period.Net profit for the quarter ended September 2022 increased significantly by 74.90% to Rs. 138.00 millions from Rs. 78.90 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 214.60 | 70.40 | 204.83 | 401.90 | 131.00 | 206.79 | 356.30 | 202.60 | 75.86 |
| Other Income | 2818.70 | 2351.10 | 19.89 | 5521.90 | 4352.90 | 26.86 | 9732.20 | 7707.70 | 26.27 |
| Interest Expended | 118.00 | 34.30 | 244.02 | 194.90 | 64.90 | 200.31 | 153.10 | 95.40 | 60.48 |
| Operating Expenses | 2777.30 | 2777.30 | 20.32 | 5489.90 | 4308.80 | 27.41 | 9508.00 | 7570.00 | 25.60 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.20 | 0.00 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 138.00 | 78.90 | 74.90 | 239.00 | 110.20 | 116.88 | 427.40 | 204.70 | 108.79 |
| Equity | 832.10 | 780.20 | 6.65 | 832.10 | 780.20 | 6.65 | 832.10 | 445.80 | 86.65 |
| OPM | 64.31 | 112.07 | -42.62 | 59.47 | 84.12 | -29.31 | 119.96 | 120.88 | -0.76 |
Fino Payments Bank - Quaterly Results
Publish Date: 31/10/2022
The total revenue hovered 204.83% to Rs. 214.60 millions for the September 2022 quarter as against Rs. 70.40 millions during the corresponding quarter last year.Handsome Net Profit growth of 74.90% reported above the corresponding previous quarter figure of Rs. 138.00 millions to Rs. 78.90 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 214.60 | 70.40 | 204.83 | 401.90 | 131.00 | 206.79 | 356.30 | 202.60 | 75.86 |
| Other Income | 2818.70 | 2351.10 | 19.89 | 5521.90 | 4352.90 | 26.86 | 9732.20 | 7707.70 | 26.27 |
| Interest Expended | 118.00 | 34.30 | 244.02 | 194.90 | 64.90 | 200.31 | 153.10 | 95.40 | 60.48 |
| Operating Expenses | 2777.30 | 2777.30 | 20.32 | 5489.90 | 4308.80 | 27.41 | 9508.00 | 7570.00 | 25.60 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.20 | 0.00 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 138.00 | 78.90 | 74.90 | 239.00 | 110.20 | 116.88 | 427.40 | 204.70 | 108.79 |
| Equity | 832.10 | 780.20 | 6.65 | 832.10 | 780.20 | 6.65 | 832.10 | 445.80 | 86.65 |
| OPM | 64.31 | 112.07 | -42.62 | 59.47 | 84.12 | -29.31 | 119.96 | 120.88 | -0.76 |
Fino Payments Bank - Quaterly Results
Publish Date: 02/02/2023
The Total revenue for the quarter ended December 2022 of Rs. 252.70 millions grew by 157.33% from Rs. 98.20 millions.A comparatively good net profit growth of 35.46% to Rs. 191.00 millions was reported for the quarter ended December 2022 compared to Rs. 141.00 millions of previous same quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 252.70 | 98.20 | 157.33 | 654.60 | 229.20 | 185.60 | 356.30 | 202.60 | 75.86 |
| Other Income | 2888.30 | 2653.50 | 8.85 | 8410.20 | 7006.40 | 20.04 | 9732.20 | 7707.70 | 26.27 |
| Interest Expended | 135.80 | 42.10 | 222.57 | 330.70 | 107.00 | 209.07 | 153.10 | 95.40 | 60.48 |
| Operating Expenses | 2814.20 | 2814.20 | 9.56 | 8304.10 | 6877.40 | 20.74 | 9508.00 | 7570.00 | 25.60 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.20 | 0.00 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 191.00 | 141.00 | 35.46 | 430.00 | 251.20 | 71.18 | 427.40 | 204.70 | 108.79 |
| Equity | 832.10 | 832.10 | 0.00 | 832.10 | 832.10 | 0.00 | 832.10 | 445.80 | 86.65 |
| OPM | 75.58 | 143.58 | -47.36 | 65.69 | 109.60 | -40.06 | 119.96 | 120.88 | -0.76 |
Fino Payments Bank submits newspaper publication
Publish Date: 08/09/2022
Fino Payments Bank has enclosed the copies of newspaper advertisement published on September 08, 2022 by Fino Payments Bank Limited ('Bank') in Financial Express Journal (English newspaper), Free Press Journal (English newspaper) and Navshakti (Marathi newspaper) regarding e-voting information for the 6 Annual General Meeting of the Bank, in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014, as amended from time to time and Regulation 44 of the SEBI Listing Regulations.
The above information is a part of company’s filings submitted to BSE.
Fino Payments Bank informs about analyst meet
Publish Date: 14/09/2022
Pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Fino Payments Bank has informed that the representatives of the company had an investor/analyst interaction/ meeting today September 14, 2022 with Nine Rivers Capital Holdings. Further no presentation was made during the meeting and only information available in public domain was shared.
The above information is a part of company’s filings submitted to BSE.
Fino Payments Bank informs about analyst meet
Publish Date: 15/09/2022
Fino Payments Bank has informed that Fino Payments Bank ('the Bank') have scheduled investor/analysts meet on September 15, 2022 at 2.30 pm IST with Goldman Sachs India Financials Tour.
The above information is a part of company’s filings submitted to BSE.
Fino Payments Bank rises on executing Share Subscription and Shareholders’ agreement with PaySprint
Publish Date: 22/09/2022
The first tranche of the proposed investment upto Rs 2.5 crore is expected to be completed on or before October 10, 2022
Fino Payments Bank is currently trading at Rs. 248.55, up by 1.25 points or 0.51% from its previous closing of Rs. 247.30 on the BSE.
The scrip opened at Rs. 255.90 and has touched a high and low of Rs. 255.90 and Rs. 246.40 respectively. So far 2508 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.35 on 12-Nov-2021 and a 52 week low of Rs. 223.10 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 281.00 and Rs. 246.40 respectively. The current market cap of the company is Rs. 2059.97 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.60% and 6.40% respectively.
Fino Payments Bank has executed the Share Subscription and Shareholders’ agreement with PaySprint on September 20, 2022. If the Bank’s investment exceeds 10% of the paid up equity share capital of PaySprint, necessary approval from RBI will be required. The first tranche of the proposed investment upto Rs 2.5 crore is expected to be completed on or before October 10, 2022. Remaining investment upto Rs 1.5 crore is expected to be completed on or before March 31, 2023, subject to RBI approval, as applicable and at the sole discretion of the Bank. Aggregate investment shall be upto Rs 4 crore (i.e. 12.19% of the paid up equity share capital of PaySprint).
Fino Payments Bank is a scheduled commercial bank serving the emerging India market with its digital based financial services.
Fino Payments Bank informs about compliance certificate
Publish Date: 14/10/2022
Pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, Fino Payments Bank has informed that it enclosed the certificate received from KFin Technologies, the Registrar and Transfer Agent of Fino Payments Bank ('the Bank') in respect of the Equity Shares of the Bank for the period from July 1, 2022 to September 30, 2022.
The above information is a part of company’s filings submitted to BSE.
Fino Payments Bank informs about investor presentation
Publish Date: 01/11/2022
In continuation to its letter dated October 27, 2022 and pursuant to Regulation 30 of the SEBI Listing Regulations, Fino Payments Bank has informed that it enclosed the investor presentation on Audited Financial Results of the bank for the quarter and half year ended September 30, 2022. The said presentation is also available on the Bank’s website: www.finobank.com.
The above information is a part of company’s filings submitted to BSE.
Fino Payments Bank jumps on reporting 75% rise in Q2 net profit
Publish Date: 01/11/2022
Total income of the company increased by 25.27% to Rs 303.33 crore for Q2FY23
Fino Payments Bank is currently trading at Rs. 207.35, up by 4.00 points or 1.97% from its previous closing of Rs. 203.35 on the BSE.
The scrip opened at Rs. 208.00 and has touched a high and low of Rs. 214.50 and Rs. 206.05 respectively. So far 66697 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.35 on 12-Nov-2021 and a 52 week low of Rs. 188.00 on 11-Oct-2022.
Last one week high and low of the scrip stood at Rs. 216.20 and Rs. 197.05 respectively. The current market cap of the company is Rs. 1718.79 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.60% and 6.40% respectively.
Fino Payments Bank has reported results for second quarter ended September 30, 2022.
The bank has reported rise of 74.90% in its net profit at Rs 13.80 crore for Q2FY23 as compared to Rs 7.89 crore for the corresponding quarter previous year. Total income of the bank increased by 25.27% to Rs 303.33 crore for the quarter under review as compared to Rs 242.15 crore for the same quarter in the previous year.
Fino Payments Bank is a scheduled commercial bank serving the emerging India market with its digital based financial services.
Fino Payments Bank informs about analyst meet
Publish Date: 17/11/2022
Pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Fino Payments Bank has informed that the representatives of bank had an investor/ analyst interaction/ meeting on November 16, 2022 with LeapFrog Investments - Singapore. Only information available in public domain was given to the investors/ analysts.
The above information is a part of company’s filings submitted to BSE.
Fino Payments Bank informs about press release
Publish Date: 30/03/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Fino Payments Bank has informed that it enclosed the press release regarding renewal of association of Fino Payments Bank with Rajasthan Royals as its official Digital Payments Partner for Season 16 of Indian Premier League. The aforesaid information is also available on the website of the Company i.e., www.finobank.com
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 31/10/2022
Audited Results
Board Meeting
Publish Date: 16/05/2022
Audited Results
Board Meeting
Publish Date: 27/01/2022
Quarterly Results
Board Meeting
Publish Date: 13/11/2021
Quarterly Results
Fino Payments Bank executes Share Subscription and Shareholders’ agreement with PaySprint
Publish Date: 21/09/2022
The first tranche of the proposed investment upto Rs 2.5 crore is expected to be completed on or before October 10, 2022
Fino Payments Bank has executed the Share Subscription and Shareholders’ agreement with PaySprint on September 20, 2022. If the Bank’s investment exceeds 10% of the paid up equity share capital of PaySprint, necessary approval from RBI will be required. The first tranche of the proposed investment upto Rs 2.5 crore is expected to be completed on or before October 10, 2022. Remaining investment upto Rs 1.5 crore is expected to be completed on or before March 31, 2023, subject to RBI approval, as applicable and at the sole discretion of the Bank. Aggregate investment shall be upto Rs 4 crore (i.e. 12.19% of the paid up equity share capital of PaySprint).
Fino Payments Bank is a scheduled commercial bank serving the emerging India market with its digital based financial services.
Fino Payments Bank reports 75% rise in Q2 net profit
Publish Date: 01/11/2022
Total income of the company increased by 25.27% to Rs 303.33 crore for Q2FY23
Fino Payments Bank has reported results for second quarter ended September 30, 2022.
The bank has reported rise of 74.90% in its net profit at Rs 13.80 crore for Q2FY23 as compared to Rs 7.89 crore for the corresponding quarter previous year. Total income of the bank increased by 25.27% to Rs 303.33 crore for the quarter under review as compared to Rs 242.15 crore for the same quarter in the previous year.
Fino Payments Bank is a scheduled commercial bank serving the emerging India market with its digital based financial services.
Fino Payments Bank renews association with Rajasthan Royals
Publish Date: 30/03/2023
Fino Bank will be RR’s official Digital Banking Partner
Fino Payments Bank (Fino Bank) has renewed its association with Rajasthan Royals (RR) for season 16 of India’s biggest premier cricket competition. Fino Bank will be RR’s official Digital Banking Partner.
The Bank made its maiden foray with the mega sporting event last season by partnering with RR as the Digital Payments Partner. The new season’s engagement is expected to be a notch higher as the Bank aims to connect with RR’s large fan base across social media platforms to increase its digital footprint. Importantly, the newly launched FinoPay digital savings account is expected to get more traction through this engagement.
As the Digital Banking Partner, along with the core messages of convenience, accessibility, proximity and trust, the Bank would be looking to drive brand visibility and increase FinoPay app downloads. The app helps open digital savings account, an everyday banking account for routing small, daily spends.
Fino Payments Bank is a scheduled commercial bank serving the emerging India market with its digital based financial services.
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