- Fino Payments Bank CEO Rishi Gupta granted bail by Special Judge Namapally Hyderabad
- Gupta to submit personal bail bond of Rs 10 lakh and two sureties of equal amount
- Telangana High Court dismissed Gupta's writ petition challenging his arrest in March
Fino Payments Bank CEO Rishi Gupta has been granted bail by the Special Judge for Economic Offences, Namapally, Hyderabad, sources say. Gupta has been asked to submit personal bail bond of Rs 10 lakh and two sureties of similar amount, they say.
"Gupta's earlier writ petition challenging his arrest was dismissed by the Telangana High Courton March 23. According to the bail conditions, Gupta has been asked to deposit his passport with the court and has been directed to coordinate with investigative agencies on a bi-monthly basis.
Gupta was arrested by the Directorate General of GST Intelligence, Telangana division, in February for alleged GST evasion. The bank subsequently appointed CFO Ketan Merchant as interim CEO.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Despite Gupta's arrest, Fino Payments Bank said it recorded highest-ever deposit balance of Rs 2900 crore in March.
ALSO READ: Fino To Add 600 People; Sees Transaction Fees Dominating Revenues As SFB
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.