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Fino Paytech receives final approval from RBI for payments bank

Fino Paytech receives final approval from RBI for payments bank

Friday, March 31, 2017, 6:41 PM

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. The company which till now was operating as a payments entity driving financial inclusion for banks had to reduce its foreign shareholding.
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