/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Falling revenue, mounting losses and stalled business lines make it increasingly hard for the payments bank to fund a costly lending buildout.
Fino Payments Bank should have been riding high. In December 2025, when the Reserve Bank of India gave it in-principle approval to convert into a small finance bank, it appeared to be on the cusp of a new phase of growth. The licence would allow it to move beyond payments and deposits into lending, opening up a new revenue stream.
Yet, as Fino prepares for the transition, it is in the worst shape in years. Revenue has fallen off a cliff, profits have disappeared and some of the businesses that powered its growth have either shrunk sharply or come to …
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A licence to operate as a small finance bank will allow the fintech company to grant loans and collect more deposits, but the transition will entail fixing its less-than-favorable shareholding structure.
Riding on a vast network of post offices and government patronage, the state-owned payments bank hopes to break even this fiscal and go public in the near future.
