Fino Payments Bank Limited was incorporated as Fino Fintech Foundation on 23 June, 2007. The name of the Company was changed to Fino Fintech Private Limited and a fresh Certificate of Incorporation dated 15 December, 2015 was issued by Registrar of Companies, Maharashtra at Mumbai. Thereafter the name was changed to Fino Fintech Limited on 03 February, 2017. Pursuant to receipt of approval by RBI, the name of the Bank was changed to Fino Payments Bank Limited on 04 April, 2017.
Fino PayTech Limited is the Bank's sole promoter, specialising in technology based solutions and services for financial inclusion. The Bank is a wholly owned subsidiary of Fino PayTech Limited. The Bank is engaged in providing a wide range of financial services to the rural,poor and underserved and unserved clas ...ses. Fino Payments Bank offers a diverse range of financial products and services that are primarily digital and have a payments focus, and operates an asset light business model that principally relies on fee and commission based income generated from merchant network and strategic commercial relationships.
The Bank commenced its business operations on 30 June 2017.
The Company launched Cash Management Services (CMS) in FY 2020.
The Company made an Initial Public Offer by issuing upto 2,08,02,305 Equity Shares and by raising funds from public aggregating to Rs 1200 Crore, comprising a Fresh Issue of 51,99,306 Equity Shares aggregating to Rs 300 Crore and an Offer for Sale of 15,602,999 Equity Shares aggregating to Rs 900 Crore in November, 2021. Resulting the IPO, the Bank became the first Payments Bank in India to list on the stock exchanges.
The Bank became a Scheduled Bank effective from January 01, 2021.
The Bank acquired 7.98% stake in PaySprint Private Limited in 2024. Fino Bank has applied to the Reserve Bank of India for a license to convert into a Small Finance Bank in 2024. The launch of FinoPay on iOS provided Apple users with access to 40+ secure banking services through a UPI-enabled interface in FY 2025. Through fintech collaborations, the Bank expanded its suite of investment and lending products during the year 2025. The Bank expanded the merchant network from 1 Lakh in 2019 to around 19 Lakh by end of FY 2025. Bank expanded its digital business, with a focus on enhancing UPI-based transactions.
1. Can I buy Fino Payments Bank Ltd from PL Capital? ›
Yes, you can invest in Fino Payments Bank Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Fino Payments Bank Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Fino Payments Bank Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Fino Payments Bank Ltd pay dividends? ›
Fino Payments Bank Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Fino Payments Bank Ltd ? ›
As of
06-10-2025 the share price for Fino Payments Bank Ltd. is 298.8 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Fino Payments Bank Ltd ? ›
The 52-week high and low of Fino Payments Bank Ltd share price is ₹ 200 - ₹ 446.45 as of
06-10-2025 .
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