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BharatPe objected to Unity Bank's proposal that sought to amend the MoA to facilitate the conversion of some 90 crore warrants into CCPS.
As a small finance bank, Fino will be able to finally lend to its customers from its own book.
However, the Bengaluru-based fintech has booked Rs 6.5 crore in profits in the first half of FY26.
The in-principle nod to operate as a universal bank was granted under the RBI's process for small finance banks to graduate to universal bank status.
The Standing External Advisory Committee has been set up by RBI to assess the eligibility of applicants seeking to operate as universal banks and small finance banks.
The fintech startup Slice announced the merger proposal in October 2023, and it received approval from the NCLT, along with necessary regulatory approvals,
