🏦 Fino Payments Bank MD & CEO Rishi Gupta Arrested; CFO Takes Charge

Fino Payments Bank confirmed that its MD & CEO Rishi Gupta has been arrested. Following the development, CFO Ketan Merchant has assumed charge as the head of the organisation. The bank stated that operations remain unaffected and business continuity is intact. The ongoing investigation relates to certain business partners of the bank and is not linked to tax compliance matters, according to the company. 📌 StockYard Take: Leadership transition may cause near-term volatility, but operational stability remains the key monitorable. #FinoPaymentsBank #BankingNews #CorporateUpdate #StockMarketIndia #StockYardResearch