Fino Payments Bank MD & CEO Rishi Gupta Granted Bail by Special Court
Fino Payments Bank officially disclosed that its MD & CEO Rishi Gupta was granted bail by the Special Judge for Economic Offences on March 26, following earlier legal proceedings. The bank filed regulatory disclosure under SEBI Listing Regulations, emphasizing that the ongoing investigation involves program managers across multiple banks and is unrelated to GST compliance matters. Despite the legal situation, the bank continues to demonstrate strong business performance with sustained deposit growth, expanding referral assets, and stable operations while maintaining its commitment to governance and regulatory compliance.

*this image is generated using AI for illustrative purposes only.
The Special Judge for Economic Offences, Nampally, Hyderabad has granted bail to Rishi Gupta, Managing Director and CEO of Fino Payments Bank , on March 26. This development follows the earlier dismissal of his writ petition by the Telangana High Court and represents a significant legal milestone for the bank's leadership.
Regulatory Disclosure and Official Communication
The bank has made an official disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, to both BSE Limited and National Stock Exchange of India Limited. The communication, signed by Company Secretary & Compliance Officer Basavraj Loni, provides an update on the legal proceedings following earlier disclosures made on February 27 and March 24.
| Legal Development: | Details |
|---|---|
| Bail Status: | Granted by Special Judge |
| Hearing Date: | March 26 |
| Previous Petition: | Dismissed by Telangana High Court |
| Investigation Scope: | Program managers across multiple banks |
| GST Compliance: | Not related to bank's GST matters |
| Regulatory Filing: | Under SEBI Listing Regulations |
The bank has acknowledged and welcomed the bail order, emphasizing its continued cooperation with authorities throughout the investigation process.
Investigation Context and Bank's Position
According to the regulatory disclosure, the ongoing investigation relates to certain program managers associated with multiple banks, including the bank itself. Importantly, the bank has clarified that this investigation does not relate to the bank's GST compliance matters. Given that the matter remains sub-judice, the bank has limited its disclosure regarding the outcome of the hearing.
The bank has maintained transparency through regular disclosures under SEBI Listing Regulations while noting the legal constraints on information sharing during ongoing proceedings.
Business Performance and Operational Stability
Despite the legal proceedings, Fino Payments Bank continues to demonstrate strong business fundamentals. The bank reports healthy momentum in its core business operations, with sustained increases in deposits and growth in referral assets, which reinforces the underlying strength of its operating model.
| Business Metrics: | Performance |
|---|---|
| Deposit Trend: | Sustained increase |
| Referral Assets: | Growing |
| Operations: | Stable and uninterrupted |
| Customer Service: | Normal course of business |
| Business Momentum: | Healthy across core areas |
The bank's operations remain stable and uninterrupted, continuing to serve customers and stakeholders in the normal course of business throughout this period.
Governance and Future Outlook
Fino Payments Bank has reiterated its commitment to strong governance practices, regulatory adherence, and transparency. The bank stated it will continue to engage constructively with regulators and stakeholders while making appropriate disclosures in accordance with applicable laws and regulatory requirements.
The disclosure has been made available on the bank's website at www.fino.bank.in , ensuring continued transparency with all stakeholders during this legal process. The bank maintains its focus on serving customers while cooperating fully with ongoing investigations.
Historical Stock Returns for Fino Payments Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.51% | -9.66% | -33.92% | -52.77% | -46.37% | -76.65% |
How might this legal development affect Fino Payments Bank's ability to secure new partnerships or expand its business operations in the coming quarters?
What impact could the ongoing investigation have on the bank's regulatory approvals for new products or services from RBI?
Will institutional investors or rating agencies reassess their outlook on Fino Payments Bank following the CEO's bail and ongoing legal proceedings?


































