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FINO Payments Bank Ltd. ( (IN:FINOPB) ) has issued an update.
Fino Payments Bank said the Hon’ble Special Judge for Economic Offences in Nampally, Hyderabad has granted bail to its managing director and chief executive officer, Rishi Gupta, in a case linked to an investigation involving certain program managers associated with multiple banks. The lender reiterated that the probe does not concern its own GST compliance and stressed that it continues to cooperate fully with authorities.
The bank emphasized that its core business remains resilient, citing sustained growth in deposits and referral assets as evidence of a robust operating model despite the legal proceedings. Management underscored its commitment to strong governance, regulatory adherence and transparency, assuring investors and customers that operations remain stable and uninterrupted while it continues constructive engagement with regulators and other stakeholders.
More about FINO Payments Bank Ltd.
Fino Payments Bank Limited is an Indian payments bank focused on providing digital banking and financial inclusion services, including deposit accounts and referral-based financial products. It operates a technology-led model aimed at serving mass-market and underbanked customers, and is listed on Indian stock exchanges under the symbol FINOPB.
Average Trading Volume: 32,774
Technical Sentiment Signal: Sell
Current Market Cap: 10.22B INR
For detailed information about FINOPB stock, go to TipRanks’ Stock Analysis page.