Fino Payments Bank Rallies 13% as Loan Referrals Jump 223% Fino Payments Bank shares rose sharply after the company’s September business update highlighted a significant...
Fino Payments Bank shares rose sharply after the company’s September business update highlighted a significant increase in loan referrals.
The bank’s shares surged 13% following Thursday’s sharp market move. The rise came after the September business update reported that loan referrals had increased 223%.
The update placed the bank’s loan referral performance at the centre of the market’s attention. However, the available business update did not provide further details on the referral figures or other operating metrics.
Following Thursday’s advance, Fino Payments Bank’s market capitalisation stood at approximately Rs 1,221 crore.
The share-price movement and the reported rise in loan referrals mark the key developments disclosed in connection with the September update.
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