The Board of Fino Payments Bank at its meeting held on 23 March 2022 has approved the increase in Authorised Share Capital of the Bank from the existing Authorised Share Capital of Rs 85 crore divided into 8,50,00,000 equity shares having face value of Rs 10 each to Rs 110 crore divided into 11,00,00,000 equity shares having face value of Rs 10 each by creation of additional 2,50,00,000 equity shares having face value of Rs 10 each aggregating to Rs 25 crore ranking pari-passu with the existing equity shares of the Bank, subject to approval by Reserve Bank of India and shareholders of the Bank.
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