Fino Payments Bank has announced that its Managing Director and CEO, Rishi Gupta, has been granted bail by the Hon’ble Special Judge for Economic Offences in Hyderabad. The bail was granted on 26 March 2026, as the investigation into certain programme managers associated with multiple banks, including Fino Payments Bank, continues.
The bank clarified that the investigation does not pertain to its GST compliance. Fino Payments Bank has reiterated its commitment to fully cooperate with the authorities throughout the ongoing process.
Despite the ongoing legal proceedings, Fino Payments Bank reports a positive trajectory in its core business operations. The bank has observed a steady increase in deposits and growth in referral assets, highlighting the robustness of its operating model.
Fino Payments Bank emphasises its dedication to strong governance practices, regulatory compliance, and transparency. The bank assures that its operations remain stable and uninterrupted, continuing to serve its customers and stakeholders as usual.
The bank has committed to maintaining constructive engagement with regulators and stakeholders, ensuring that all necessary disclosures are made in compliance with applicable laws and regulatory requirements.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).