Rishi Gupta | Business Upturn

Fino Payments Bank reports unavailability of MD & CEO Rishi Gupta for over 45 days

Arunika Jain — Mon, 13 Apr 2026 17:36:32 +0000

Fino Payments Bank has announced the unavailability of its Managing Director and Chief Executive Officer, Rishi Gupta, for a period exceeding 45 days due to a pending re-assessment of his fit and proper status. This development follows previous disclosures made by the bank on February 27, March 7, and March 26, 2026.

The bank has clarified that Gupta’s return to his role is contingent upon the re-assessment by the bank’s Nomination and Remuneration Committee and Board of Directors, as well as a decision by the Reserve Bank of India. In the interim, an Interim CEO has been appointed with the approval of the RBI to ensure continuity in leadership.

Despite the absence of its MD & CEO, Fino Payments Bank has reported stability in its operations. The bank has assured stakeholders that its services remain uninterrupted and that it continues to serve its customers effectively. Notably, the bank achieved its highest-ever deposit balance in March 2026, alongside strong momentum in its referral lending business, underscoring its robust fundamentals and preparedness for future growth.

This disclosure is also available on the bank’s official website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Fino Payments Bank CEO Rishi Gupta granted bail amid ongoing investigation

Arunika Jain — Thu, 26 Mar 2026 16:51:18 +0000

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 decision was made on 26 March 2026, following a hearing related to a bail application filed on merits.

The ongoing investigation involves certain programme managers associated with multiple banks, including Fino Payments Bank. The bank has clarified that the investigation does not pertain to its GST compliance. Despite the legal proceedings, Fino Payments Bank continues to experience growth in its core business, with an increase in deposits and referral assets, highlighting the strength of its operating model.

Fino Payments Bank has reiterated its commitment to maintaining strong governance practices, regulatory adherence, and transparency. The bank’s operations remain stable and uninterrupted, ensuring continued service to its customers and stakeholders.

The bank has assured that it will continue to cooperate fully with the authorities and engage constructively with regulators and stakeholders. It also stated that it will make appropriate disclosures in accordance with applicable laws and regulatory requirements.

This disclosure is available on the bank’s website at www.fino.bank.in.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Fino Payments Bank CEO Rishi Gupta granted bail amid ongoing investigation

Business Desk — Thu, 26 Mar 2026 16:05:29 +0000

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).