Tag: Transition
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Fino Payments Bank Shares Drop 11% Following Approval for Small Finance Bank Transition
Fino Payments Bank shares plummeted Monday even after it received an in-principle license to convert itself into a small finance bank. The stock closed 11.35% lower at Rs 278.95 on BSE while falling 12.74% to Rs 274.60 on NSE. On BSE, the bank’s share opened higher at Rs 324.65 as compared with the previous close…
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Sebi Introduces New Regulations for AIF Transition to AI-Exclusive Schemes
The Securities and Exchange Board of India (Sebi) on Monday issued modalities for migration of existing alternative investment fund (AIF) schemes into accredited investor-only (AI-only) schemes or large value funds (LVFs). The regulator will offer relaxations to LVFs for AI to enhance the ease of doing business for AIFs. This migration is subject to obtaining…
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Fino Secures ‘In-Principle’ Approval from RBI to Transition to India’s First Small Finance Bank
Mumbai, December 08, 2025: Fino Payments Bank Limited (“Fino” or “the Bank”) today announced that it has received the Reserve Bank of India’s (“RBI”) ‘In-principle’ approval to convert into a Small Finance Bank (“SFB”) — marking a significant step in the Bank’s long-term vision to become India’s most trusted, digital-led bank. The ‘In-principle’ approval also…
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Fino Payments Bank Poised for Small Finance Bank Transition, Anticipates Significant Profit Increase
Fino Payments Bank is preparing for a major business transition after receiving in-principle approval from the Reserve Bank of India (RBI) to convert into a small finance bank (SFB). Managing Director and CEO Rishi Gupta said the move will allow Fino to enter the lending business for the first time. Gupta said, “Payments bank cannot…
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Shaping the Future: The Coming Transition for Jonathan Kuminga and the Warriors
Want more ways to catch up on the latest in Bay Area sports? Sign up for the Section 415 email newsletter here and subscribe to the Section 415 podcast wherever you listen. It was right there for everybody to see in that frenzied Warriors fourth quarter in Philadelphia on Thursday — who was out there…
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Aadhar Housing Anticipates Swift Transition of Blackstone Fund
Aadhar Housing Finance expects the shift of ownership within Blackstone’s funds to be completed soon, subject to regulatory approvals, Managing Director and CEO Rishi Anand said. Corporate Update Blackstone, which acquired Aadhar in 2019, is transferring its stake from one fund — now at the end of its life cycle — to another, in a…
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Migrating to a Dedicated Server: Key Steps for a Smooth Transition
Migrating to a Dedicated server: Key Steps for a Smooth Transition Published by DJ Technologies – Year: 2025 In the rapidly evolving digital landscape of 2025, businesses are increasingly recognizing the importance of robust and reliable hosting solutions. As companies grow, so do their needs for security, performance, and scalability. For many organizations, migrating to…
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Fino Payments Bank Receives RBI Approval to Transition into Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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Lane Kiffin’s Transition: From Ole Miss to LSU
Mark SchlabachDec 3, 2025, 01:30 PM ET Close Senior college football writer Author of seven books on college football Graduate of the University of Georgia OXFORD, Miss. — Last month, as some of the biggest college football brands pursued Ole Miss’ Lane Kiffin, a staff member polled the team’s assistant coaches about where they wanted…
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RBI Approves Fino Payments Bank’s Transition to Small Finance Bank
Notably, Fino Payments Bank is targeting a profit after tax of Rs 100 crore in the current financial year, according to Chief Executive Officer Rishi Gupta. He had stated that the conversion into a SFB will enable greater control over its product offerings and drive further growth. “We are working on some renegotiation, working on…