Legal26 Mar 2026, 09:41 pm
Fino Payments Bank Ltd: Bail Granted to MD & CEO Rishi Gupta by Hon'ble Special Judge for Economic Offences
AI Summary
Fino Payments Bank Ltd provides an update on the ongoing investigation involving certain program managers associated with multiple banks, including the Bank. The investigation does not relate to the Bank’s GST compliance. The Hon’ble Special Judge for Economic Offences granted bail to Mr. Rishi Gupta, MD & CEO of the Bank, on March 26, 2026. The Bank will continue to cooperate with the authorities. Despite the investigation, the Bank reports healthy momentum in its core business, with a sustained increase in deposits and growth in referral assets. Fino Payments Bank Ltd reaffirms its commitment to strong governance practices, regulatory adherence, and transparency.
Key Highlights
- Fino Payments Bank Ltd updates ongoing investigation involving certain program managers associated with multiple banks
- The investigation does not concern the Bank’s GST compliance
- Hon’ble Special Judge for Economic Offences granted bail to Mr. Rishi Gupta, MD & CEO of the Bank, on March 26, 2026
- Bank reports healthy momentum in its core business with increased deposits and growth in referral assets
- Fino Payments Bank Ltd remains committed to strong governance practices, regulatory adherence, and transparency