Have an account with Fino payments bank ? If yes know more if no then also know more - YP Buzz Finance

 YP Buzz - 

    Fino Payments Bank, which was recently listed on Saturday, reported a 74 per cent increase in its profits to Rs 7.89 crore for the quarter ended September 2021.

                                     

Bank Deposit

The bank had invested up to Rs 4.52 crore last year over the same period.


Bank revenue increased by 35 per cent annually to Rs 242.15 crore after a 32 per cent increase in transaction revenue, 43 per cent of registration revenue and 35 per cent of open banks, Fino Payments Bank said. in the control file.


The bank terminated its initial public offering (IPO) and listed its shares on November 12, 2021 on the NSE and BSE.


Costs for current account registration and savings account (CASA) have grown by 78.3 percent per annum while the registration fee increases from Rs 402 per account in Q2FY21 to Rs 481 per account in Q2FY22, it said.


"Our growth in transaction finance and transactions continues to be strong. Consumer behavior in helping banks is gaining momentum," said Rishi Gupta, CEO & Managing Director.


Ketan Merchant, Chief Financial Officer, said the bank's investment in technology and performance was beginning to yield results.


"In line with the growth of our existing businesses, our digital journey to Fino 2.0 will help us gain greater potential for cross-border marketing in the future," Merchant said.


Ketan Merchant, Chief Financial Officer, said the bank's investment in technology and performance was beginning to yield results.


"In line with the growth of our existing businesses, our digital journey to Fino 2.0 will help us gain greater potential for cross-border marketing in the future," Merchant said.


Thanks & Regards

 YP Buzz

Post a Comment

0 Comments

-->