The initial public offering of (IPO) of Fino Payments Bank may get approval from the Securities and Exchange Board of India (SEBI) on Monday, October 4, 2021, according to sources. Stakeholders of the bank will also benefit by the approval for the public issue.

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Zee Business' Correspondent Tarun Sharma is informing who the stakeholders are. As per the information, the approval of SEBI for the IPO will be good news for Bharat Petroleum Corporation Limited (BPCL), ICICI Prudential Life Insurance Company Limited (ICICI Pru), Union Bank of India Ltd, Indian Bank, ICICI Bank, ICICI Lombard General Insurance Company Limited and Exide Life.

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(Reported by: Tarun Sharma)