Fino Paytech receives final-approval from RBI
Saturday, April 1, 2017, 11:12 AM
Mumbai-based payments company Fino Paytech has received the final license from the RBI to set-up its payments-bank-operations. With clearance from the regulator, the company is all set to kick-start its payments banking operations as Fino Payments Bank. Company which till now was operating as a payments-entity-driving financial inclusion for banks had to reduce its foreign shareholding to less than 50% for the final clearance from RBI.