As Fino awaits small finance bank licence, a growth vs. valuation debate crops up
Fino point at a BPCL outlet
Synopsis
In the last one year, Fino Payments Bank has given 23.4% returns, slightly outperforming the Nifty 50. But looks like the market has now fully priced in its growth potential post conversion to a small finance bank.
A common rhyme playing out in India’s fintech corridor nowadays — Paytm’s pain is others’ gain. As the Vijay Shekhar Sharma-led company was plunging into a crisis, there was one fintech player that hit a new 52-week high on February 6. And it was not Jio Financial, but Fino Payments Bank. In the last one year, Fino Payments Bank has given 23.4% returns, outperforming Nifty 50’s 21.6% gains. But if we look at the Nifty Smallcap 250 index, which
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