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Fino Payments Bank has confirmed no deviation in the utilization of funds raised from its Initial Public Offering. The bank raised 300 Cr and has utilized approximately 255.26 Cr of the net proceeds. These funds were intended for augmenting the bank's Tier-1 capital base and have been specifically used for technology enhancements, aligning with the original offer objectives. This assurance, reviewed by the Audit Committee, signifies prudent management of shareholder capital.