Fino Payments Bank Shares Jump 3% as CEO Gets Bail, Board Sees New Developments

• Fino Payments Bank shares gained 3% after MD and CEO Rishi Gupta was granted bail on March 26.
• The bank clarified the investigation is not related to its GST compliance but to program managers associated with multiple banks.
• Fino Payments Bank will cooperate with authorities and engage with regulators.
• Operations remain stable, with deposits rising 9% to an all-time high of ₹2,900 crore by March 14.
• The bank withdrew Rishi Gupta's re-appointment as MD and CEO, awaiting RBI clarity on his 'fit and proper' status.