GST authority initiates search at Fino Payments Bank's registered office

Enforcement RaidRegulatory & Legal View source PDF Explain this filing

FINOPB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹272.05

prior close

₹271.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.0% vs market

Other Bank peers, median of 8sector-1.7%+1.5% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 1.5 pts more than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

-0.2

15m

-0.5

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2-0.3+0.0-1.7+1.5

Next day

+1.8+0.7+1.2-2.8+4.7

+2.5+0.6+1.9-2.1+4.6

+4.4+0.5+3.9-0.5+4.9

+6.2+1.1+5.1+0.3+5.9

+4.4+0.3+4.1+1.4+3.0

+3.6-0.2+3.9+1.0+2.7

15d

+13.1-2.2+15.4+3.1+10.0

-0.4-4.9+4.5-1.2+0.8

-13.5-7.5-6.1+2.2-15.8

-16.5-4.8-11.8+1.3-17.8

UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

On November 10, 2025, the Commissioner of State Tax, Maharashtra initiated a search at Fino Payments Bank's registered office in Navi Mumbai under Section 67(2) of the Maharashtra Goods and Service Tax Act, 2017. The proceedings are ongoing and the bank is fully cooperating by providing requested data. No details of any alleged violations or financial impact have been disclosed so far.

Likely market impact

Tax search underway with no financial impact disclosed yet. Short-term uncertainty possible; investors should track further updates.