07 Oct 2025 | 3 Mins Read
Fino Bank resolves Sebi probe with Rs 5.8 lakh payment
Flipitmoney
Fino Payments Bank settles securities law violation case with Sebi, paying ₹5.8 lakh as settlement. Sebi issued a show cause notice after 15 employee fraud complaints were reported, alleging untimely and incomplete disclosure. The event value exceeded materiality thresholds, causing significant company share price decline.