02 Mar 2026 | 3 Mins Read
Fino Payments Bank stock drops 14% after CEO's arrest
Flipitmoney
Fino Payments Bank shares dropped up to 14.1% and were last down 5.2% after MD and CEO Rishi Gupta's arrest under India's GST law. The investigation is linked to programme managers, not the bank's GST compliance. Gupta's reappointment was approved a month prior, and Chief Financial Officer Ketan Merchant will oversee operations in his absence.