Fino Payments Bank Limited has informed the Exchange about grant of bail by Hon ble Special Judge for Economic Offences, Nampally, Hyderabad
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Fino Payments Bank has informed the exchanges that the Hon'ble Special Judge for Economic Offences, Nampally, Hyderabad has granted bail to its Managing Director & CEO, Mr. Rishi Gupta, on March 26, 2026. The case pertains to certain program managers associated with multiple banks, and the bank has clarified that the matter does not relate to its own GST compliance. The bank had earlier disclosed this matter on February 27 and March 24, 2026. The bank has stated that its core business continues to show healthy momentum with rising deposits and growth in referral assets, and operations remain stable and uninterrupted.
This is a positive development for shareholders as the leadership uncertainty around the MD & CEO has been eased with the grant of bail. The bank has reassured that business operations and fundamentals remain unaffected, which should help stabilize sentiment around the stock.