Fino Payments Bank is on track to transition into a Small Finance Bank (SFB) within approximately 12 months, following Reserve Bank of India approval. The bank plans to invest ₹100-150 crore over three to four years to develop its technology stack for lending operations and aims to open 100-120 new branches. Fino Payments Bank will focus on a phased, cautious lending approach, concentrating on regions like North and West India, and offering products such as affordable housing and gold loans, targeting the lower to middle-income segments.