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Fino Payments Bank to Contest GST Input Tax Credit Claim

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Fino Payments Bank to Contest GST Input Tax Credit Claim

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FINO Payments Bank Ltd. ( (IN:FINOPB) ) has shared an update.

Fino Payments Bank Limited announced that the GST officials have concluded their search regarding an issue with Input Tax Credit claimed by the bank. The bank has paid Rs. 10.18 Crores under protest and plans to contest the claim, asserting that it is not tenable. The company stated that there will be no impact on its operations or other activities.

More about FINO Payments Bank Ltd.

Fino Payments Bank Limited operates in the financial services industry, primarily offering banking services with a focus on payment solutions. The company is headquartered in Navi Mumbai, India, and is known for its digital banking products and services.

Average Trading Volume: 18,254

Technical Sentiment Signal: Buy

Current Market Cap: 23.97B INR

Learn more about FINOPB stock on TipRanks’ Stock Analysis page.

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