New Delhi, July 17 -- Shares of Fino Payments Bank resumed their upward momentum in Friday's trade, July 17, climbing 14% to an intraday high of Rs.180.75 apiece. The rally has put the stock on course for its biggest weekly gain in nearly four years.

Investor sentiment improved after the company reported a strong June business update, helping the stock rebound sharply from record lows. The latest surge follows a prolonged selloff that had dragged the stock to its all-time low

For the month of June, the company had steady growth in deposits and strong traction in its loan referral business. The bank's average total deposits rose 11% year-on-year to Rs.2,755 crore, reflecting sustained growth in its deposit franchise and signalling steady...