Fino Payments Bank gets RBI approval for cross border remittance through MTSS

Fino Payments Bank Ltd. | Bank - Private | BFSI | BSE: 543386 | NSE: FINOPB

03 Jan 2022 Evaluate

Fino Payments Bank has received the RBI approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS). The bank will be undertaking inward cross-border money transfer activities and will be partnering with an overseas principal. It has also received the approval to partner with one of the largest global remittance service providers as its overseas principal.

Fino Payments Bank (FPBL) is a scheduled commercial bank serving the emerging India market with its digital based financial services.

Peers

Company Name	CMP
HDFC Bank	740.20
ICICI Bank	1338.80
Axis Bank	1247.50
Kotak Mahindra Bank	416.75
Indusind Bank	963.15
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.