Fino Payments Bank has informed stock exchanges that ICRA Limited has placed the bank's credit rating on Watch with Developing Implications following recent corporate developments. The rating action comes after the arrest of the bank's Managing Director & CEO Rishi Gupta, as disclosed on February 27, 2026.

Rating Details and Action

ICRA has maintained the existing credit rating but added a watch status due to ongoing developments. The rating committee's decision affects the bank's overdraft facilities across multiple banking partners.

Overdraft Facility Breakdown

The rating action covers overdraft facilities distributed across six major banking institutions. The bank maintains credit lines with both public and private sector banks to support its operational requirements.

Regulatory Compliance and Disclosure

The bank has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited on March 10, 2026.

Basavraj Loni, Company Secretary & Compliance Officer, signed the regulatory filing from the bank's Navi Mumbai office. The disclosure has been made available on the bank's official website at www.fino.bank.in for stakeholder access.

Rating Watch Implications

ICRA's decision to place the rating on watch follows the bank's stock exchange disclosure regarding the arrest of its MD & CEO and subsequent clarifications issued by the bank. The rating agency emphasized that ratings should be understood solely as opinions and not as recommendations for investment decisions.

The watch status indicates ICRA's ongoing monitoring of developments that could potentially impact the bank's creditworthiness. Sumit Jhunjhunwala, Vice President at ICRA Limited, communicated the rating committee's decision through an official letter dated March 10, 2026.

Fino payments bank has announced that it has received a revised ESG rating from ESG Risk Assessments & Insights Limited. The bank disclosed that it has been assigned an ESG score of '56-Adequate' on March 10, 2026, based on publicly available information.

Updated ESG Assessment Details

The latest ESG assessment represents a change from the bank's previous rating. The new evaluation was conducted by ESG Risk Assessments & Insights Limited, which assigned the updated score based on their analysis of publicly available information about the bank's environmental, social, and governance practices.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, which was updated on January 30, 2026, as part of its compliance framework.

Corporate Communication and Transparency

The formal disclosure was signed by Basavraj Loni, Company Secretary & Compliance Officer, and was digitally executed on March 10, 2026. The communication was addressed to both BSE Limited (Scrip Code: 543386) and National Stock Exchange of India Limited (Symbol: FINOPB), ensuring compliance with dual listing requirements.

Fino Payments Bank has made the revised ESG rating disclosure available on its official website at www.fino.bank.in , maintaining transparency and accessibility for stakeholders. This practice aligns with regulatory requirements for public disclosure of material information that could impact investor decisions.

The updated ESG rating reflects the bank's current environmental, social, and governance practices as evaluated by the new assessment methodology, providing stakeholders with an independent evaluation of the institution's sustainability and governance standards.