Fino Payments Bank Limited has informed the Exchange about 'Clarification regarding Media Reports dated March 16, 2026'
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Fino Payments Bank has issued a clarification responding to a media article dated March 16, 2026. The Bank denies speculation that the probe has been expanded to PMLA/ED and states it is currently only facing an investigation by the Directorate General of GST Intelligence (DGGI), Hyderabad. The Bank clarifies that the DGGI investigation pertains to certain program managers and merchants associated with multiple banks — not the GST compliance of Fino Payments Bank itself. It also rejects the media report's reference to a bail rejection as factually incorrect, and reiterates that it does not engage in or promote any gaming or betting activities. The matter is described as sub-judice, so the Bank is limiting its response to factual clarifications only.
The Bank is pushing back against negative media speculation, which may help reassure investors, but the ongoing DGGI investigation and the sub-judice status mean regulatory uncertainty remains. Shareholders should watch for further disclosures as the matter develops, since the Bank is still under scrutiny even though the probe targets third parties.