Tech
Fino Payments Bank Shares Plunge 13% After RBI’s SFB Nod
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SUMMARY
Shares of Fino Payments Bank plunged as much as over 13.5% to INR 271.95 on the BSE. The shares ended the day’s trade 11.3% lower at INR 278.95
The company’s market capitalisation stood at $257.8 Mn (INR 2,321.38 Cr), down about 11% from $290 Mn at the end of Friday’s trading session
Recently, the company received an in-principle approval from the RBI to operate as a small finance bank (SFB), making it the first new-age tech company to receive such a regulatory…
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