MARATHI MOVIE “BE EKE BE” MUSIC LAUNCHED - Srei Equipment Finance’s rating upgraded to AA - TCNS Clothing Co Limited : Initial Public Offer to open on July 18, 2018 and close on July 20, 2018 ~ Price Band : Rs. 714 to Rs. 716 per Equity Share - Three companies file DRHPs to raise fund close Rs 2300 Crore - ISIM aims to bridge the skill gap in India by creating a rich pool of International Image Professionals - Mallya and Umesh Parekh; United by Frauds, Divided by Banks - CMAI’S 67th NATIONAL GARMENT FAIR FROM JULY 16th to 19th JULY 2018 – INDIA’S LARGEST EVER APPAREL TRADE SHOW - ’परफ्युम’चं टीजर पोस्टर सोशल मीडियाद्वारे लाँच ~ सप्टेंबरमध्ये चित्रपट येणार प्रेक्षकांच्या भेटीला - ‘फांदी’ चित्रपटाचा शानदार संगीत प्रकाशन सोहळा ~ २० जुलैला चित्रपट प्रेक्षकांच्या भेटीला - 'Wadhwa Wise City' at 'NAINA' Panvel To Deliver 10,000 Affordable Homes Under PMAY-U Inaugurated By CM Devendra Fadnavis - analyticaAnacon India and India Lab Expo 2018: Focusing on a forward-looking growth industry - drink technology India Tailored program for India’s beverage industry - LANXESS increases production for prepolymers in Brazil - LANXESS Completes Ten Years Of Support To Educational Initiatives Worldwide - 4th edition of the Security and Fire Expo – South India set to be hosted in Hyderabad - Prime Indian and global brands to congregate at Hyderabad for OSH South India 2018 - INTERNATIONAL YOGA DAY CELEBRATED AT RYAN SCHOOLS - The ‘India Pharma Week’ moves to Delhi-NCR in 2018 - Varroc Engineering Limited Initial Public Offer to open on June 26, 2018 and to close on June 28, 2018, Price Band : Rs. 965 to Rs. 967 per Equity Share - QNet expands its Rs 100 Cr luxury watch portfolio with the launch of Two Limited Edition Chairos Watches - Meerut-based dentist turns into a successful businessman with QNet’s Direct Selling Opportunity - An alternate ATM network to address cash crisis ~ Paresh Rajde ~ Founder of Suvidhaa Infoserve Private Limited - Kokuyo Camlin launches premium top line state-of-the-art stationery products - Fine Organic Industries Ltd. Initial public offering (IPO) of equity shares of face value Rs. 5 each (the “Equity Shares”) to open on June 20, 2018* and to close on June 22, 2018, Price Band: Rs. 780 to Rs. 783 per Equity Share - प्रेरणादायी ‘झिपऱ्या’चा म्युझिक आणि ट्रेलर लाँच सोहळा रंगला - RITES LIMITED IPO opens on Wednesday, June 20, 2018 and closes on Friday, June 22, 2018 with price band of Rs. 180 - Rs. 185 per equity share - Narayana Health – SRCC Children’s Hospital launches city’s first Children and Pediatric Blood Bank - MINISTRY OF FINANCE, RIS AND FICCI THEMATIC SEMINAR ON PRIVATE SECTOR PARTICIPATION AND INNOVATION IN RESOURCE MOBILIZATION CONCLUDES - ZIM Laboratories Limited to List on BSE Main Board on June 8, 2018 - Shankara debuts with its 100% natural luxury Ayurveda beauty range in India ~ Announces its entry into India with a first of its kind luxury Ayurvedic product line - German manufacturer Liebherr says Hallo India with Launch of mass premium range of refrigerators - Blue Star expands its range of stylish and differentiated residential water purifiers with a unique ‘Immuno Boost Technology’; to target 3500 retail outlets in FY19 - Bisleri Launches a Plastic Recycling initiative “Bottles for Change” - Karur Vysya Bank partners with Aditya Birla Health Insurance - India - Itlay Students Exchange Program ~ Ryan International School Organise Workshop and Trip - Royal Stag Barrel Select Large Short Films presents Kapil Verma’s short film ‘Nitishastra’ - This Summer Children's and elderly people enjoy refreshing Dr Bubbles flavored fruit drinks - India’s largest Data Science Event – Data Science Congress 2018 successfully concludes on a high note - Data Science Congress 2018 graced by Shri Vijay Goel and Mr. Praveen Chakravarty - Improved Rural Marketing Focus and Share of Value added products help Emmbi to improve Profitability in FY18 - JM Financial Credit Solutions Limited Rs. 750 crores NCD Issue to open on May 28, 2018 - Samsung Launches Exciting New Galaxy J&A Smartphones With Infinity Display And Chat Over Video - Toyota Kirloskar Motor begins delivery of Yaris Pan India - Balaji Amines Ltd declare 130% dividend and PAT increased by 37.38% - Abbott’s New PediaSure® Cookies & Cream ensures Summer Break is a good #timetogrow for Children - OnePlus 6 The Fastest and Most Sophisticated Handset – The Speed You Need comes to India - Small Steel Manufacturers have a bigger role in India’s vision of producing 300mn tonnes by 2030 : Chaudhari Birendra Singh - Honda Cars India launches All-New 2nd Generation Honda Amaze - Dewan Housing Finance Corporation Ltd. Rs12,000 crore non-convertible debentures (NCDs) bond issue to open on May 22, 2018 - Construction & Infrastructure Industry awaits 6th edition of Concrete Show India (CSI) 2018 - SHELL LUBRICANTS UNVEILS THE ‘POWER OF PARTNERSHIPS’ CAMPAIGN TO CELEBRATE INDUSTRY COLLABORATION AND PARTNERSHIPS - Confidence Group Launches ‘GoGas Elite’ - Composite LPG Cylinders - Kalpataru Wins CREDAI-MCHI Golden Pillar Award for its CSR Initiatives - Kieron Pollard inaugurates new state of the art Cricket Wing at New Ahmedabad Sports - KINGSTON TECHNOLOGY STRENGTHENS ITS SERVICE IN INDIA - Compuage Infocom Ltd. – declares dividend of 20% for FY18 - Fitbit Announces India Availability of Fitbit Versa - NCP President Sharad Pawar to inaugurate Tawde “Atithi Bhavan” - Megh Mandal Sansthan to Felicitate Indian Painters with Raja Ravi Varma Chitrakar Samman Samaroh on 8th May at Iskcon Auditorium at 8 PM - IndoStar Capital Finance Initial Public Offering (IPO) Opens on May 9, 2018 - Irfan Pathan Launches Mashroo’s Exclusive Ramadan Collection Thobes - Gem & Jewellery India International Exhibition (GJIIE) 2018 Concludes With a Dazzle in Chennai - Constantia Flexibles to double sales in India in five years - Bandhan Bank Q4 net profit up 20.3% at ₹387.9 crore, Net profit for FY 17-18 jumps 21% at ₹1345.6 crore - 3rd edition of ‘Page 3 International Awards’ this year on April 28 at Hotel JW Marriott Marquis in Dubai Hosted By AAT in association with Tefla’s - OJAS Eye Hospital brings Lumenis M22 Optimal Pulse Technology (OPT) - Saltigoto focus more on business opportunities in India - CBME India 2018 launches its 6th edition amidst a positive wave in the children, baby and maternity products industry - Canara HSBC OBC Life Insurance introduces “Grief support program” - analytica Anacon India and India Lab Expo debuts in Mumbai - Doubling Farm Income in Castor, SEA Shows The Way - Success is Guaranteed with Team Work” says Kiran More while inaugurating ‘AVA Premier League - Union Commerce Minister Suresh Prabhu urges Export Promotion Councils such as CHEMEXCIL to act like think tanks to help exporters to develop macro strategy for increasing exports! - UBM India’s Children, Baby Maternity Expo 2018 readies itself to match high industry expectations - MTDC associates with Global Vipassana Pagoda in Gorai to create Spiritual Buddhist Circuits and promote wellness tourism - Maharashtra to promote itself as Medical and Wellness Tourism Destination at Arabian Travel Market 2018 - UBM India commences the third edition of RenewX in Hyderabad - The All India Gem & Jewellery Domestic Council (GJC) sets the 2025 Growth Vision for India’s gems & jewellery sector at Manthan Gems & Jewellery Conclave 2018 - EOW action is strangling a listed entity : 63 moons - Mumbai to host analytica Anacon India and India Lab Expo in April 2018 - UBM India announces the maiden edition of The Chennai Jewellery and Gem Fair - NASSCOM CoE (IoT) to co-organize “THE AEONIAN 2018” - Malabar Gold & Diamonds signs up Miss World Manushi Chhillar as Brand Ambassador - Kokuyo Camlin & Yash Raj Films felicitate winners at KidZania - Over 150 Exhibitors to Showcase at the third edition of RenewX in Hyderabad - LANXESS improves the performance of its plastic metal hybrid technology - “LANXESS posts record earnings for 2017 and a good start to the new fiscal year” - GJIIE 2018 gets underway in Chennai paves way for abundance opportunities - Ryan Global School Celebrates it’s Annual Day with “The Quest for Happiness” - Almond Board of California hosted a Panel Discussion on Working Mother’s Dilemma in Ensuring Family Health - CBI COURT DISCHARGES MR. VIRENDRA D. MHAISKAR, CMD, IRB INFRASTRUCTURE DEVELOPERS LTD AND OTHER COMPANY OFFICIALS FROM ALL CHARGES FRAMED BY CBI - Brigade Group Leading Real Estate Developers headquartered in Bangalore Unveils the Brigade Financial Centre at GIFT City - Shriram General Insurance issues more than 40,000 policies a month via mobile app, M- Nova - GJC announces Manthan Gems & Jewellery Conclave 2018 on April 5- 6, 2018 - Samarth Bank Brand Ambassador Kedar Jadhav inaugurated the banks 25th Branch in Dadar - Thomas Cook India Launches Hello Series-a One Week Getaway featuring a single standalone destination as its weekend Grand Holiday Carnival - LANXESS India showcases its latest innovations for paint and coating industry - Bosch Power Tools launches it’s first-ever ‘Service on Wheels’ initiative in India - Triumph Motorcycles India launches the All-New TIGER 800 XCX and XR line-up - Over 600 entries confirmed for Rs 50 lakh Mr India Championships - Chief Minister of Maharashtra, Shri. Devendra Fadnavis to grace the first ever ‘TATA Horn –Not – Ok – Please’ T20 Cup - S.S. Infrastructure Development Consultants Limited to launch IPO on EMERGE Platform of National Stock Exchange of India Limited on 28 March, 2018 Price band of Rs. 37/- to Rs. 40/- per Equity Share of Face value of Rs. 10/- each - New India Assurance launches Global Mediclaim Policy - MSCDA Collaborates with Medipta Solutions as a Technology Partner in Maharashtra - वास्तववादी व्यक्तींच्या कर्तृत्वाची जाणीव करुन देणारा पुरस्कार-किरण नगरकर - Lemon Tree Hotels Limited: Initial Public Offer/ Bid/ Offer Period to open on March 26, 2018* and to close on March 28, 2018 Price Band: Rs. 54 to Rs.56 per equity share each of face value Rs.10 - SME IPO of Benara Bearings & Pistons Limited to open on March 20, 2018 with price band of Rs 60 to Rs 63 per equity share of face value of Rs. 10 each - ICICI Securities Limited: Initial Public Offer to open on March 22, 2018 and to close on March 26, 2018 Price Band: Rs. 519 to Rs. 520 per Equity Share - Mishra Dhatu Nigam Limited’s (MIDHANI) IPO to open on Wednesday, March 21, 2018 with a price band of Rs. 87 to Rs. 90 per Equity Share - Ashwin Sheth Group and Sussanne Khan come together for a momentous partnership - Rahul Tekwani : Most Promising PR Person of the Year - Blue Star launches 40 new models of highly energy-efficient inverter split air conditioners, designed to deliver extraordinary benefits - Hindustan Aeronautics Limited: Initial Public Offering Bidding to open on March 16, 2018 and to close on March 20, 2018 with Price Band : Rs. 1,215 to Rs. 1,240 per Equity Share - Dhruv Consultancy Services Ltd announced initial public offer on BSE SME platform Fixed Price Issue Price Rs. 54/- per share with Face Value of Rs. 10/- per share - NaMo Bandra Blasters Vs. Shivaji Park Lions, Iyer, Khan lead Blasters to victory over Lions - Indian businesses must reap the benefits of Estonia’s ICT sector and e-governance services - Tissot, the renowned Swiss watch brand launched its new Boutique at Palladium Mall with Brand Ambassador Virat Kohli - Over 450 brands to showcase at the 14th edition of Gem & Jewellery India International Exhibition (GJIIE) in Chennai - Sandhar Technologies Limited: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 19, 2018 and to close on March 21 - Grand Opening Ceremony for the T20 Mumbai League - BANDHAN BANK LIMITED: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 15, 2018 and to close on March 19, 2018 Price Band: Rs. 370 to Rs. 375 per Equity Share - Sarveshwar Foods SME IPO to open on March 5, Price Band fixed at Rs 83-85 - One platform for all electric solutions globally- ELECRAMA 2018 - OIL & GAS WORLD EXPO 2018 At Business Centre, CIDCO Exhibition Centre, Vashi, Navi Mumbai February 21-23, 2018 - Godrej Appliances sets new benchmark by launching India’s most power saving AC with 6.15 ISEER - Entrepreneurial couple celebrates daughter's birthday in a unique way. Starts self funded NGO – “NEW INDIA”; Commits Rs 200 crores for the underprivileged - NRI Software Professional Rajnish Bajpai speaks on his Vision and Perspective of making Indian villages modern with the concept of Smartgaon - Universal Robots Showcases ‘Cobots’ at AeroDef India 2018 - INDIA’ S ATOMIC ENERGY PROGRAMME NEEDS A BOOST AND THE SUBSIDY SIMILAR TO SOLAR POWER PLANTS SHOULD BE EXTENDED TO NUCLEAR SECTOR – ANIL KAKODKAR - UBM India and Bologna Fiere will launch COSMOPROF INDIA PREVIEW:The new event for the international beauty community - BAJAJ ALLIANZ LIFE LAUNCHES ONE-OF-ITS KIND ULIP WITH RETURN OF MORTALITY CHARGES - LANXESS “High-quality products for leather manufacturing” - Center of Power on the Move : West to East – BY SANDEEP DEWAN - Queens N Queens plans to promote Indian talent internationally with the launch of their beauty beauty pageant contest 2018 - Asia’s largest event on professional cleaning, Clean India Show along with Waste Technology Expo, Laundrex India Expo and Car Care expo, to be inaugurated by Dr Ranjit Patil, Minister of State, Home (Urban), Urban Development, Government Of Maharashtra - Tata Sky ties up with Ola Sunburn Festival 2017 - Tata Sky Beauty inspires women to discover their own definition of beauty - Symposia 2018 Focuses on Increasing Energy Efficiency in Data Centres - *मिलिंद शिंदे दिग्दर्शित अॅथलेटिक्सवर आधारित चित्रपट *२० जुलैपासून ‘रे राया… कर धावा’!*
  Print Print |  E-mail

Fino Payments Bank goes live with 410 branches and 25,000 touch points on day one across 14 states

Mumbai, 17th July, 2017 (GNS) : Following the final nod from RBI in March 2017, Fino Payments Bank (referred hereinafter as ‘Bank’) today announced the launch of its operations with 410 branches going live across 14 states. The Bank was formally launched at an event by Ms. Chanda Kochhar, MD & CEO, ICICI Bank and Mr. D. Rajkumar, CMD, Bharat Petroleum Corporation Limited in presence of Prof. M.K. Chouhan, Chairman, Fino Payments Bank in esteemed company of reputed professionals from the BFSI sector.

Speaking at the launch Mr. Rishi Gupta, MD & CEO, Fino Payments Bank said, “Payments bank license couldn’t have come at a more opportune time for us when the digital payments and banking ecosystem is in place. We intend to make banking simple and convenient to millions of hardworking Indians through a mix of physical and digital platforms. As ingrained in our DNA, we will strategically leverage technology and partnerships to create a banking experience that is easy and everywhere for everyone.”

Ms. Chanda Kochhar, MD & CEO, ICICI Bank said: “We, at the ICICI Group, have always believed in creating new institutions and platforms– from credit rating agencies to exchanges– that are equipped to serve the needs of our growing economy. We have always been strong believers in utilising the power of technology and innovation to transform the way business is done and create new opportunities and goals that were hitherto unheard of. In line with this, the idea of Fino sprouted in ICICI Bank with the objective of addressing the gap in the banking system in terms of serving unversed individuals. It is wonderful to see that the idea has now become a tree, ready to spread its branches far and wide as a payments bank.

The creation of payments bank as a separate category is an important and visionary step by the regulator. In India, the rapidly growing market of mobile phones and mobile internet has democratised access to information, services and commerce. Fino Payments Bank is well positioned to reap the benefit of this mobile revolution. It has the advantage of getting support from ICICI Bank in terms of infrastructure, knowledge and products. Fino will have access to a wide range of ICICI Bank products like term deposits, retail loans including home loans, loans for JLGs and MSMEs, and cross border remittance services, among others. It has embarked on a journey of providing simple and convenient banking to at least 3 million customers in the first year of its operations.”

Mr. D. Rajkumar, Chariman & Managing Director, Bharat Petroleum Limited said, “Over the years, BPCL has always pioneered strategic initiatives, energizing the lives of millions of customers.  With rapid transformation of the Indian economy and disruptions in the traditional business models, we view our association with Fino Payments Bank as an opportunity to participate in India’s compelling financial inclusion story. Fintech is at the threshold of an exponential growth, and we, as one of the largest oil majors in India will catalyze the process, leveraging our extensive geographical reach of more than 20,000 outlets as banking points.”

In addition to the 410 branches, Fino Payments Bank has created a network of 25,000 banking points, of which some are BPCL outlets, to gain access to remote geographies of the country. The Bank will offer full range of banking services, including current and savings accounts, remittances, BC lending, mobile banking through BPay app, life and general insurance and bill payments. The bank provides instant accounting opening and allows customers do banking anywhere, anytime and through any platform.

On the future plans for the Bank, Mr. Gupta said, “We plan to acquire 3-4 million customers in the first year with the aim of increasing it to 50 million with a deposit base of Rs. 100 billion in 5 years. We plan to build a network of over 100,000 points and 1,000 plus branches. We aim to become the first profitable payments bank following a multi-product, multi-platform and partnership strategy that adds tremendous value to our customers.”

“We believe that every Indian works relentlessly every single day. We not only recognize and respect this effort but will also reward it by providing financial security for every hardworking India which is resonated in our base line – Qadar Aapki Mehnat Ki!” further added Mr. Gupta.

A profitable company since 2010, Fino is backed by marquee investors like ICICI Group, BPCL, Blackstone, IFC among others.Recently, it raised Rs 400 crore to meet regulatory as well as capital requirements for the formation of the payments bank.  Fino already has business relationships with many government agencies, banks, NBFCs and corporates. It will continue to build on such partnerships to create a strong customer centric payments bank.ENDS