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Fino Payments Bank reports 75% rise in Q2 net profit

01 Nov 2022 Evaluate

Fino Payments Bank has reported results for second quarter ended September 30, 2022.

The bank has reported rise of 74.90% in its net profit at Rs 13.80 crore for Q2FY23 as compared to Rs 7.89 crore for the corresponding quarter previous year. Total income of the bank increased by 25.27% to Rs 303.33 crore for the quarter under review as compared to Rs 242.15 crore for the same quarter in the previous year.

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

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