Fino Payments Bank Shares Crash 18% in Minutes, Down 43% in a Month Amid CEO Arrest

• Fino Payments Bank shares plunged 18% in minutes on March 24, reaching below ₹114.25, despite a strong broader market.
• The stock has plummeted 43% in a month, with a 10% drop on March 23, hitting a 52-week low.
• The crash follows the Telangana High Court upholding the arrest of Fino Payments Bank's MD and CEO, Rishi Gupta, in a GST and tax evasion case.
• Investors are concerned about governance risks and potential further regulatory actions, overshadowing the bank's fundamentals.
• Despite RBI approval for SFB transition and positive growth in deposits, market uncertainty is driving panic selling and caution for retail investors.