Suryoday Small Finance Bank has revised its savings and fixed deposit rates, effective May 1, 2026. Savings accounts can now earn up to 7.60% interest, but only on higher balances under updated interest slabs. If you’re parking money in a savings account, the tier you fall into will determine your actual return from the new rates.
Fino Payments Bank’s performance has sharply deteriorated since CEO Rishi Gupta’s arrest, with net profit collapsing and revenue sliding across quarters. The damage stems from an RBI circular that crippled bank-led remittances, stress in NBFC and microfinance clients that fund its cash management, and a pullback from digital payments after gaming-linked investigations. Yet management points to a booming deposit base and a potential edge for its upcoming small finance bank plans.
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Fino Payments Bank is advancing its move to become a small finance bank with an asset light, technology led approach. Instead of expanding through a traditional branch network, it plans to grow via secured lending and digital capabilities. The transition remains on track even as leadership reviews continue, with home loans, gold loans and business loans in focus.
Equitas Small Finance Bank reported a fivefold jump in Q4 net profit to Rs 213 crore, driven by faster business growth and improving asset quality. The bank lowered provisions, saw its net interest margin rise, and recorded 22% year-on-year growth in gross advances. Non-performing assets declined and credit costs fell, helping earnings outperform.
Slice, a small finance bank, is reportedly in discussions with VC firms and other investors to raise $50–100 million, but at a lower valuation. The move comes as the fintech sector faces increased regulatory scrutiny, putting funding plans and growth timelines under sharper pressure.
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