Fino Payments Bank shares plummet as much as 14% after CEO's arrest
March 02, 2026
Fino Payments Bank shares tumbled after its MD and CEO, Rishi Gupta, was arrested under GST law. The bank clarified the arrest relates to business partners and not its own compliance, with the CFO taking over operations. This comes after RBI approved Gupta's reappointment and the bank's conversion to a small finance bank.
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