In its filing, the bank said it is limiting disclosures as the matter is sub judice, referring to the Telangana High Court hearing held on March 23, 2026, with the order received on March 24.
The bank acknowledged the High Court’s order dismissing the writ petition filed by its MD and CEO Rishi Gupta, who had challenged his arrest. It added that it will explore appropriate legal recourse in the matter.
The bank clarified that the ongoing investigation pertains to certain program managers associated with multiple banks, including Fino Payments Bank, and is not related to its GST compliance.
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Separately, Gupta’s bail application has been filed before the Special Judge for Economic Offences in Nampally, Hyderabad, and will be addressed as per due legal process.
FINO Payments Bank reiterated its commitment to strong governance, regulatory compliance, and transparency. It added that operations remain stable and uninterrupted, with business continuing as usual.
The bank also said that it recently recorded its highest-ever deposit balance of ₹2,900 crore during the current month, underlining its strong fundamentals and growth outlook.
It further said it will continue to engage constructively with regulators and stakeholders, and will make disclosures in line with applicable laws and regulations.
