FINO Payments Bank has given a big update to the stock market on Thursday. In the information given to the exchange, the bank said that its MD and CEO Rishi Gupta has been granted bail by the court on March 26, 2026, which the bank has welcomed. The bank said that the matter is still…
The statement said DGGI’s investigation focuses on program managers who source UPI terminals and merchants for UPI transactions. The matter is separate from the GST compliance of the bank and does not have any direct allegation on the financial or tax compliance framework of the bank. Source
Now questions are being raised on the arrest of Rishi Gupta, MD and CEO of Fino Payments Bank. Veteran businessman and Chairman of Aarin Capital Mohandas Pai has raised questions in the matter. In a post on X on Saturday, Mohandas Pai raised questions as to how the CEO of a bank can be arrested…
Rishi Gupta, Managing Director and CEO of Fino Payments Bank, has been arrested. The bank gave this information in the information given to the exchange on Friday. The bank said that the MD-CEO has been arrested under CGST and SGST laws. However, Fino Payments Bank clarified that the investigation pertains to one of its business…
