Fino Payments Bank Becomes First to Receive RBI Nod to Transition into SFB:
Fino Payments Bank has become the first payments bank to receive the Reserve Bank of India’s (RBI) in-principle approval to convert into a Small Finance Bank (SFB). This move, announced on 5 December 2025, opens up new avenues for Fino to expand its operations beyond the limitations imposed on payments banks. The approval follows nearly two years after Fino submitted its application under the RBI’s ‘on tap’ licensing guidelines for SFBs.
