Fino Payments Bank Limited Addresses Legal Developments, Highlights Deposit Growth
Fino Payments Bank Limited announced on March 24, 2026, that the Hon'ble High Court of Telangana dismissed a Writ petition filed by Rishi Gupta, the MD & CEO of the bank. The petition challenged his recent arrest.The bank stated that the ongoing investigation relates to certain program managers associated with multiple banks and is separate from Fino Payments Bank's GST compliance. Legal recourse will be pursued regarding the court's decision. A bail application for Rishi Gupta has been filed with the Hon'ble Special Judge for Economic Offences in Hyderabad.
Fino Payments Bank reaffirmed its commitment to strong governance practices, regulatory adherence, and transparency. The bank’s operations remain stable and uninterrupted, and it continues to serve customers and stakeholders.
The bank also reported a record deposit balance of Rs. 2900 Crores during the current month, indicating strong fundamentals and readiness for future growth.
Fino Payments Bank will continue to engage constructively with regulators and stakeholders and will make appropriate disclosures as required.
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