Fino Payments Bank has received in-principle approval from the Reserve Bank of India (RBI) to convert into a Small Finance Bank (SFB), becoming the first payments bank in India to secure such authorisation. The approval comes nearly two years after Fino applied under RBI’s “on tap” licensing guidelines for private-sector SFBs. Expanded Scope Beyond Payments … Continue reading Fino Payments Bank Gets RBI Nod to Transition Into Small Finance Bank