Fino Payments Bank : Price movement

November 25, 2022

Surveillance Department

National Stock Exchange of India Limited

Exchange Plaza, 5th Floor,

Plot No. C/1, G Block,

Bandra - Kurla Complex,

Bandra (E), Mumbai - 400 051

(Symbol: FINOPB)

Dear Sir/Madam,

Sub: Movement in Price

Ref: Response to the letter received from National Stock Exchange of India Limited dated November 25, 2022

This is with reference to aforesaid letter received from National Stock Exchange of India Limited seeking clarification in respect of significant movement in price of shares of Fino Payments Bank Limited ("Bank") across Exchanges, in the recent past.

In this regard, we wish to inform that there is no undisclosed information and/or announcement (including impending announcement) which in our opinion may have a bearing on the price behaviour of the Bank's Scrip. The Bank has made necessary disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as and when required) within stipulated time frame and all such disclosures are in public domain.

The movement in the price of the Bank's scrip is purely market driven.

Kindly take the same on record and oblige.

Yours Faithfully,

For Fino Payments Bank Limited

BASAVRAJ SHIVANAND LONI

Digitally signed by BASAVRAJ SHIVANAND LONI

DN: c=IN, o=PERSONAL, title=8681, pseudonym=be15eaffcf4dba3971e30ee11054 28c2005facbaa7a7dccb6fc8a38bea5a7e0f, postalCode=410206, st=Maharashtra, serialNumber=6218379125ad35ea1f529e34fd c467e4ab710ca0b69d84550d035b80b589817 1, cn=BASAVRAJ SHIVANAND LONI

Date: 2022.11.25 22:55:26 +05'30'

Basavraj Loni

Company Secretary & Compliance Officer

Place: Navi Mumbai

Fino Payments Bank Limited

Registered Office: Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai - 400 706

CIN: L65100MH2007PLC171959 Tel: [phone], website: www.finobank.com