Large investors in Fino have 18 months to cut stakes

Fino Paytech has secured the green light to upgrade its payments bank to a small finance bank, following the guidelines set by the Reserve Bank of India. Affected major investors are mandated to trim their stakes, with an 18-month timeline to meet these new ownership regulations. In addition, the bank plans to enhance its technological framework and human resource management.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nKWTkYP
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