Fino Payments Bank MD & CEO Rishi Gupta Granted Bail
Fino Payments Bank's MD & CEO, Mr. Rishi Gupta, was granted bail on March 26, 2026. The investigation relates to program managers, not the bank's GST compliance. The bank's core business operations remain stable and uninterrupted, showing growth in deposits and referral assets.
While the bail is positive, the ongoing investigation and the fact that it involves program managers associated with the bank suggest a potential for continued scrutiny or impact on the company's reputation.
The granting of bail to the MD & CEO is a positive development, and the company emphasizes the stability and growth of its core business operations.
Fino Payments Bank Limited has announced an update regarding the bail application filed by its MD & CEO, Mr. Rishi Gupta. The Hon'ble Special Judge for Economic Offences, Nampally, Hyderabad, granted bail to Mr. Rishi Gupta on March 26, 2026.
The Bank acknowledges and welcomes this order. As previously stated, the ongoing investigation pertains to certain program managers associated with multiple banks, including Fino Payments Bank, and does not involve the Bank's GST compliance. Fino Payments Bank Limited has affirmed its commitment to fully cooperating with the authorities.
Furthermore, the Bank highlighted that its core business continues to show healthy momentum, with a sustained increase in deposits and growth in referral assets. This growth reinforces the underlying strength of its operating model. The Bank reiterates its dedication to strong governance, regulatory adherence, and transparency. Its operations remain stable and uninterrupted, and it will continue to serve its customers and stakeholders in the normal course of business. The Bank will engage constructively with regulators and stakeholders and make appropriate disclosures as per applicable laws.
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Fino Payments Bank Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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