Fino Paytech raises Rs 149 crore from ICICI Bank’s insurance arms

MUMBAI: Payments bank licensee Fino Paytech today said it has raised Rs 149 crore from ICICI Lombard and ICICI Prudential, clearing the decks for it to seek RBI's final nod as it becomes a majority domestic investors-owned entity. "This round will take the total domestic ownership to over 50 per cent which qualifies us to apply for the final license for the payments bank. We expect to launch the bank in 2-3 months from now," its managing director and chief executive Rishi Gupta told PTI. He said partnerships are at...
9 Published By - The Economic Times - 2017.01.11. 15:37
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