Fino Payments Bank on Thursday confirmed that its MD Rishi Gupta has been granted bail by a Special Judge for Economic Offences on March 26, 2026, in connection with an ongoing investigation.
The case is part of a broader probe involving certain programme managers allegedly linked to multiple banking institutions. While the investigation has drawn attention due to its multi-bank implications, Fino Payments Bank clarified that the matter does not pertain to its Goods and Services Tax (GST) compliance.
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Bank Distances Core Operations from Probe
In an official statement, the bank emphasized that the investigation is limited in scope and does not impact its internal regulatory compliance frameworks. It reiterated that its operations remain stable and fully functional, with no disruption to customer services or day-to-day activities.
Fino Payments Bank further stated that it is extending full cooperation to investigative authorities and will continue to engage constructively with regulators and stakeholders as the probe progresses.
Business Momentum Remains Strong
Despite the ongoing developments, the lender reported sustained growth across its core business segments. According to the bank, it has witnessed a steady rise in deposits alongside continued expansion in referral assets, indicating healthy business momentum.
The bank reaffirmed its commitment to maintaining operational resilience while ensuring uninterrupted services to its customers and partners.
Market Reaction
Shares of Fino Payments Bank reflected positive investor sentiment amid the developments. The stock closed at ₹123.70 on the NSE on March 25, registering a gain of ₹11.24, or nearly 10 percent, compared to the previous session.
Regulatory Engagement to Continue
Fino Payments Bank underscored that it remains focused on compliance, governance, and transparency. It added that it will continue working closely with regulators and relevant authorities while safeguarding stakeholder interests during the course of the investigation.
The lender concluded by reiterating that the issue under investigation does not affect its financial health or operational continuity.
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