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Fino 1st payments bank to get RBI nod to turn SFB

Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB). Illustration: Dominic......

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of......

Payments banks bat for new model, pin hopes on lending licence amid stress

Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter. Illustration: Uttam Ghosh/Rediff.com The......

After initial euphoria, payments banks find the going tough

Currently, only three have completed more than six months of operation in the space - Fino Payments Bank, Airtel Payments Bank and Paytm Illustration: Uttam Ghosh/Rediff.com In 2015, the Reserve......

It's back to the drawing board for payment banks

RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. Illustration: Uttam Ghosh/Rediff.com The......

Fino Payments Bank

News for Fino Payments Bank

Fino 1st payments bank to get RBI nod to turn SFB

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Payments banks bat for new model, pin hopes on lending licence amid stress

After initial euphoria, payments banks find the going tough

It's back to the drawing board for payment banks

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