Fino Payments Bank Limited Announces Bail for MD & CEO, Maintains Business Momentum
Fino Payments Bank Limited announced that Rishi Gupta, its Managing Director & CEO, was granted bail by the Hon'ble Special Judge for Economic Offences in Hyderabad on March 26, 2026. The update follows previous disclosures on February 27, 2026, and March 24, 2026, regarding the ongoing investigation.The investigation, which involves program managers associated with multiple banks, does not relate to the Bank’s GST compliance. Fino Payments Bank Limited stated it will continue to fully cooperate with the authorities.
Despite the ongoing investigation, the Bank reported continued healthy momentum in its core business. This is evidenced by a sustained increase in deposits and growth in referral assets, reinforcing the strength of its operating model.
Fino Payments Bank Limited reaffirmed its commitment to strong governance practices, regulatory adherence, and transparency. The Bank’s operations remain stable and uninterrupted, and it will continue to serve its customers and stakeholders.
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