Fino Payments Bank Sees No Financial Liability Of GST Probe

Fino Payments Bank has clarified that it is not involved in the Goods and Services Tax (GST) evasion investigation that resulted in the arrest of its CEO, Rishi Gupta. In a statement released to the media, the bank emphasized that the inquiry is focused on an external program manager and does not implicate the bank in any financial or operational liabilities. This announcement aims to reassure stakeholders and clients of the bank's stability and operational integrity amidst the ongoing probe. Fino Payments Bank, which has made strides in the digital banking sector, remains committed to its growth trajectory, asserting that the investigation will not disrupt its services. The bank's response comes at a critical time as it navigates the complexities of regulatory scrutiny in India's evolving financial landscape.