Fino Payments Bank Stock Rebounds After Clarification on CEO Arrest

Fino Payments Bank recovered sharply on Tuesday after an early plunge of nearly 15% triggered by news of the arrest of its Managing Director and CEO, Rishi Gupta. The stock erased losses and turned marginally positive in morning trade, hovering around ₹192.7. The initial sell-off followed the bank’s disclosure that Gupta had been detained under GST law. However, the company later clarified that the investigation relates to certain business partners and programme managers linked to multiple banks, not to Fino’s own compliance. Despite the rebound, the stock remains down about 10.7% over the past year, with a market capitalisation close to ₹1,600 crore. Market sentiment stabilized after investors digested the clarification and reassessed the regulatory risk.