Fino Payments Bank shares surge 13% after September business update; loan referrals jump 223%

Fino Payments Bank shares have surged 13% after the company released its September business update. This jump is largely due to a significant increase in loan referrals, which rose by 223%. The strong growth in loan referrals suggests that the bank's lending business is performing well, which could be a positive sign for the company's future prospects. This news may boost investor confidence in Fino Payments Bank, potentially leading to further gains in its stock price.

Why it matters

Fino Payments Bank's September business update showed strong growth in loan referrals and other key metrics. This could lead to increased investor confidence and a rise in the company's stock price.

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