Fino Payments Bank shares plummet as much as 14% after CEO's arrest
Fino Payments Bank shares plummet as much as 14% after CEO's arrest is drawing significant interest across the industry.
Fino Payments Bank shares tumbled after its MD and CEO, Rishi Gupta, was arrested under GST law. The bank clarified the arrest relates to business partners and not its own compliance, with the CFO taking over operations. This comes after RBI approved Gupta's reappointment and the bank's conversion to a small finance bank.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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