Fino Payments Bank Limited has informed the Exchange about grant of bail by Hon ble Special Judge for Economic Offences, Nampally, Hyderabad
FINOPB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Special Judge for Economic Offences in Nampally, Hyderabad has granted bail to Fino Payments Bank's MD & CEO, Mr. Rishi Gupta, on March 26, 2026. The Bank clarified that the ongoing investigation relates to certain program managers associated with multiple banks and does NOT concern the Bank's GST compliance. The Bank stated its operations remain stable and uninterrupted, with healthy business momentum including rising deposits and growth in referral assets. It reaffirmed its commitment to governance, regulatory adherence, and full cooperation with authorities. The matter remains sub-judice, so further details are limited.
This is a positive development for shareholders as it removes immediate personal legal risk for the Bank's top leadership. The reassurance that operations are stable and core business momentum is strong should help ease investor concerns, though the underlying investigation continues.