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Incorporated in the year 2017, Fino payments Bank is a scheduled commercial bank serving the emerging market Indian market base with digitalized services. Bank has captured almost 94% of Indian districts. with over 6.41 lakh banking outlets, 54 Bank Branches, and 143 Customer Service Points
The schedule bank operated on an asset-light business model where each Banking Outlet serves the banking and financial needs of its community. The merchant’s use of technology and use of analytics on the data that the firm tracks enhance the merchant’s ability to offer the right products to consumers, thereby increasing his status in the local market.
S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
Criminal cases | 4 | - | - | - | - | - |
Material civil cases | - | 2 | - | - | 1 | 3 |
Taxation matters | 5 | 2 | - | 16 | - | - |
Regulatory Proceedings | - | - | - | 2 | - | - |
Income Statement | FY21 | FY20 | FY19 |
Gross Operating Income | 7910.27 | 6913.97 | 3711.21 |
Operating Expenses | 7,569.89 | 7,125.32 | 4,270.42 |
Provisions and contingencies | 40.22 | 10.33 | 9.35 |
Interest | 95.42 | 98.68 | 55.28 |
Total Expenses | 7,705.53 | 7234.33 | 4335.05 |
Net profit /(loss) for the period/year | 204.74 | -320.36 | -623.84 |
Profit/(loss) brought forward | -3,189.79 | -2,869.43 | -2,245.59 |
Profit / Loss for the period | -2,985.05 | -3,189.79 | -2,869.43 |
Fino Paytech Ltd
• Paytm payment Bank, • India Post payment bank, • Airtel Payment Bank • Jio Payment Bank • NSDL Payment Bank
Offer for sale will accumulated Rs 900.29cr, which will not be received by the company.
Fresh Issue worth Rs300cr, will be utilized for augmenting the bank's tier-1 capital base to meet its future capital requirements