Fino Payments Bank CEO Rishi Gupta Granted Bail on March 26, 2026
Fino Payments Bank CEO Rishi Gupta was granted bail on March 26, 2026, by the Hon’ble Special Judge for Economic Offences. The investigation concerns program managers and not the Bank's GST compliance. The Bank's operations remain stable and uninterrupted, with continued growth in deposits and referral assets.
The bail granted to the MD & CEO is a significant positive development, but the investigation is ongoing, which could still pose some level of risk or uncertainty for the company. However, the company's operations remain stable and uninterrupted.
The granting of bail to the MD & CEO is a positive development for the company, indicating a move towards resolving the legal issue. The company also highlighted the continued healthy momentum in its core business.
Fino Payments Bank Limited has provided an update regarding the matter previously disclosed on February 27, 2026, and March 24, 2026. The Bank acknowledges and welcomes the order passed by the Hon’ble Special Judge for Economic Offences on March 26, 2026, granting bail to Mr. Rishi Gupta, MD & CEO of the Bank. The ongoing investigation pertains to certain program managers associated with multiple banks, including Fino Payments Bank, and does not relate to the Bank’s GST compliance.
The Bank reiterated its commitment to strong governance practices, regulatory adherence, and transparency. Fino Payments Bank's operations remain stable and uninterrupted, and it will continue to serve its customers and stakeholders in the normal course of business. The Bank will continue to fully cooperate with the authorities.
Fino Payments Bank continues to witness healthy momentum in its core business, reflected in a sustained increase in deposits and growth in referral assets, reinforcing the underlying strength of its operating model. The Bank will continue to engage constructively with regulators and stakeholders and will make appropriate disclosures in accordance with applicable laws and regulatory requirements. This disclosure will also be available on the Bank’s website at www.fino.bank.in.
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