Fino Payments Bank Limited — Others, 29-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Fino Payments Bank Limited has announced a board meeting to discuss the statement of deviations or variations in fund utilization for the quarter ended December 31, 2024. The review confirmed that there were no deviations in the utilization of funds raised through the Initial Public Offer of ₹300 Cr. The funds have been fully utilized to augment the bank's technology as initially intended. This update reflects operational stability and adherence to strategic objectives, potentially fostering investor confidence through clarity on fund management and reinforcing a positive outlook for the bank’s growth trajectory.