Fino Payments Bank

Fino Payments Bank tanks 19%, stock hits record low

In the past seven trading days, the market price of Fino Payments Bank was down 33 per cent despite the bank denied any involvement in betting or gaming activities.

Fino fallout prompts fintech firms to seek safe harbour, tighten controls

After the Fino Payments Bank episode, fintech firms seek safe harbour protection and tighten internal controls, consolidating key responsibilities amid rising compliance risks

Fino Payments Bank denies links to betting and gaming activities

Bank says reports of an ED probe into online gaming transactions are speculative and clarifies that the ongoing DGGI investigation relates to programme managers and merchants

Fino Payments Bank shares hits record low; stock plunges nearly 20%

Fino Payments Bank shares slumped 19.5 per cent in trade on the BSE, touching an all-time low at ₹136 per share and hovering near its 20 per cent lower circuit

Telangana High Court reserves order on Fino Bank MD arrest in GST case

Telangana High Court reserves verdict on plea by Fino Payments Bank MD Rishi Gupta challenging his arrest in an alleged ₹10,000 crore GST evasion case linked to merchant transactions

Fino Payments Bank gets RBI nod to name Ketan Merchant its interim CEO

Rishi Gupta's return to office subject to NRC, board reassessment and RBI view

Fino PB MD & CEO arrest puts spotlight on merchant-sourcing networks

Industry examines oversight and risks tied to programme managers

Fino PB sees no uncertainty over SFB nod from RBI after CEO's arrest

Payments bank says conversion into small finance bank will be completed before RBI's 18-month deadline and does not foresee any financial liability amid the ongoing GST probe

Fino Payments Bank share price plunges 20% in two sessions; here's why

In Monday's session, Fino Payments Bank share price declined 14.14 per cent to a 52-week low of ₹165.01 per share on the National Stock Exchange (NSE)

More fintech firms, banks may come under scanner after Fino chief's arrest

Crackdown on payout API misuse in banned real money gaming may widen probe to payment aggregators and smaller banks amid heightened regulatory scrutiny

Fino MD's arrest highlights GST liability risks in digital payments chain

The DGGI's arrest of Fino Payments Bank MD Rishi Gupta in a probe linked to banned online gaming has intensified scrutiny of GST liability, programme managers and compliance networks

Fino's SFB transition unlikely to be hit by CEO's arrest: Experts

Fino is the first and the only payments bank so far to apply for conversion into an SFB

DGGI probe into banned online gaming leads to Fino Bank arrest: Sources

Finance Ministry sources say probe has flagged GST evasion, shell entities and payment aggregators in alleged banned online gaming operations, leading to arrest of a senior bank official

Payments Council of India writes to FM raising concern on Fino CEO arrest

The outreach comes at a time when FM Sitharaman on social media platform X took note of the issue and said she will check on it

Fino Payments Bank backs its MD after GST arrest; FM says she will check

Fino Payments Bank says its MD Rishi Gupta and the bank had no role in alleged GST violations linked to programme managers; Finance Minister Nirmala Sitharaman says she will review the issue

Here's why Fino Payments Bank share price rallied 9% in trade today

Around 1:10 PM, Fino Payments Bank share price was trading near day's high, up 7.98 per cent at ₹225.35. In comparison, BSE Sensex was trading 0.31 per cent higher at 82,114.27 levels.

Fino PB shares tank 12% despite RBI approval FOR transition into SFB

Profit-taking and a broader selloff drive the record fall, even as the bank gets 18 months to transition into a small finance bank with a cautious lending plan

Fino Payments Bank will adopt a cautious approach to lending: MD & CEO

Fresh off its RBI nod, Fino Payments Bank plans a cautious but differentiated path as it transitions into a small finance bank-with digital scale, low-cost liabilities and secured lending at its core

Fino becomes first payments bank to get RBI's nod to convert into SFB

A payments bank is eligible to apply to transition into an SFB after completing five years of operations, subject to meeting compliance and regulatory requirements

Fino Payments Bank shares rise 4% after Sebi settlement; up 18% in 6 days

Fino Payments Bank settled proceedings with the Securities and Exchange Board of India related to alleged violations of disclosure norms under the Sebi Regulations