Fino Payments Bank Limited — Others, 28-04-2025: Statement of deviation(s) or variation(s) under Reg. 32

Fino Payments Bank Limited has provided a statement confirming that there were no deviations in the utilization of funds raised through its IPO for the quarter ended March 31, 2025. The Audit Committee reviewed the statement, affirming that the ₹300 crore was used as intended to enhance the bank's Tier-1 capital base and improve technology. This transparency on fund usage is crucial for maintaining investor confidence and aligns with the bank's operational goals, ensuring stakeholders are informed about strategic financial management.