Is it good to invest in Fino bank?

According to stock market experts, Fino Payments Bank is a fast growing fintech firm and one can keep this stock in one’s portfolio for long-term. They advised long-term investors to buy the counter at around 10 per cent below its upper price band and keep on accumulating for next 10 per cent lower levels.

Is it good to invest in Fino IPO?

Thus, we recommend investors to Avoid this issue. The stock can be looked at post listing at lower level,” it said. Experts at BP Wealth are of the opinion that on the upper end of the price band, the issue is valued at a P/Bv of 31.89x based on the FY21 book value.

What does Fino paytech do?

Fino Paytech is a thought leader, innovator and implementer of technology solutions for institutions like banks, governments and insurance companies. We are a business and banking technology platform combined with extensive services delivery channel.

What is Fino payment bank?

Fino Payments Bank is the Digital Banking Partner for millions of hardworking Indians. Hamesha. We are present in 90\% of India’s districts with over 724671 banking outlets, 54 Bank Branches and 130 Customer Service Points.

Is Policybazaar listed in share market?

The parent company of Paisabazaar has been listed at both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on November 15. It received a healthy response from the buyers. The decent listing of the PB Fintech or Policybazaar IPO has taken many experts and analysts by surprise.

What is payment Bank India?

Payments banks is an Indian new model of banks conceptualised by the Reserve Bank of India (RBI) without issuing credit. Both current account and savings accounts can be operated by such banks. Payments banks can issue ATM cards or debit cards and provide online or mobile banking.

Is Nykaa IPO good?

Nykaa is well placed to benefit from growing industry trends given its resilient, capital-efficient business with a combination of strong growth and profitability, it said in its IPO note. The new-age company is commanding a solid premium of Rs 570 apiece which is more than 50 per cent of its issue price.

Who is the owner of Fino payment bank?

Rishi Gupta (Feb 23, 2015–)
FINO PayTech/CEO

Is Fino paytech and Fino payments BANK same?

The payments bank is a wholly-owned subsidiary of Fino Paytech, whose principal shareholders include ICICI Bank, Bharat Petroleum, Intel Capital Corporation, International Finance Corporation and Blackstone.

Is Fino bank approved by RBI?

Fino Payments Bank board gets RBI approval, Rishi Gupta to be the Managing Director & CEO of the new bank. Mumbai, June 21, 2017: Payments Bank licensee Fino Paytech has announced that it has received approval for a 9- member Board of Fino Payments Bank, from RBI.

What is share price of Policybazaar?

Policybazaar shares started trading at Rs 1,150 apiece, a premium of 17.4 percent over the issue price of Rs 980 per share.

What is FINO Paytech?

It is a business and banking technology platform combined with an extensive services delivery channel, whose vision is to fulfil every financial service needs of its customers, and thus become their universally preferred choice. Fino Paytech is an institutional investor-driven company owned by international and Indian investors.

How many bank accounts does Fino open in a month?

On an average, Fino opens 80,000-1,00,000 bank accounts (savings and current) a month. Our focus has always been to increase the access to banking points across the country,” he further said, adding that FPB continues to invest $3-4 million a year to upgrade technology.

What is the foreign shareholding in Fino?

Foreign shareholding in FINO currently stands at 70\%. Major investors in the company include ICICI Group (16\%), Headland Capital Partners (15\%), International Finance Corp (10\%), Intel Capital (10\%) and Blackstone (10\%). Its other shareholders are Corporation Bank, Union Bank, Indian Bank and Life Insurance Corporation.