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Tag: Transition

  • RBI Approves Fino Payments Bank’s Transition to Small Finance Bank

    RBI Approves Fino Payments Bank’s Transition to Small Finance Bank

    Mumbai: The Reserve Bank on Friday granted ‘in-principle’ approval to Fino Payments Bank Ltd (FPBL) for conversion into a Small Finance Bank (SFB).Fino Payments Bank, which started operations in 2017, had applied for a small finance bank license in October-December 2023. RBI has issued the Guidelines for ‘on tap’ licensing of SFBs in the private…

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