India's Fino Payments Bank jumps after Q4 profit rise

FINO Payments Bank

03/05/2023 05:36

** Shares of Fino Payments Bank Ltd  FINY.NS  rise as much
as 6.8% to 232.40 rupees
    ** Digital financial services provider reported a 25.3% rise
in March-qtr profit to 220.8 mln rupees ($2.70 mln)
    ** Interest earned more than doubled to 294 mln rupees 
    ** Co says it opened 23.7% more new bank accounts in the
quarter and total deposits grew 66% Y/Y 
    ** More than 327,000 shares traded as of 9:56 a.m. IST, 3.1x
their 30-day moving avg
    ** FINY down 11.3% YTD


($1 = 81.7880 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))