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FINO CEO ARREST
Fino Payments Bank defers MD Rishi Gupta's reappointment; awaits RBI reviewFino Payments Bank has paused the re-appointment of its Managing Director, Rishi Gupta. This decision comes as the Reserve Bank of India wi...
PhonePe pauses IPO; Databricks' India ramp-upPhonePe has deferred its IPO citing the Iran war. However, sources tell us pricing of the issue was a key concern. This and more in today's...
Fino Payments Bank shares crash 19% on report of possible ED probe; lender clarifiesFino Payments Bank shares tumbled over 19% to a record low after a report said some online gaming transactions linked to the lender may att...
Gaming transactions involving Fino Bank may face ED probeInvestigators found many cases of funds routed through multiple accounts or entities to obscure their origin, necessitating a deeper scruti...
Stocks in news: JSW Infra, Dixon Technologies, RIL, Natco Pharma, M&MMarkets experienced sharp selling pressure, nearing a key technical support level. Several companies like JSW Infra, Dixon Technologies, RI...
Fino Payments Bank says it's focused on SFB transitionFino Payments Bank's interim head Ketan Merchant stated the arrest of CEO Rishi Gupta will not affect the bank's transition to a small fina...
Fino says transition to small finance bank not impacted by CEO arrestFino Payments Bank is successfully moving towards becoming a small finance bank, with interim chief Ketan Merchant assuring stakeholders th...
Fino Payments Bank denies GST evasion, rejects betting linksFino Payments Bank said it has not evaded GST or promoted betting after its MD & CEO Rishi Gupta was arrested by the Directorate General of...
Fino Payments Bank shares plummet as much as 14% after CEO's arrestFino Payments Bank shares tumbled after its MD and CEO, Rishi Gupta, was arrested under GST law. The bank clarified the arrest relates to b...
Stocks in news: Adani Ports, Fino Payments Bank, GAIL, BEL, SpiceJetEquity markets faced pressure last week due to geopolitical tensions and tech stock weakness. Investors are reacting to the Iran-US-Israel ...
Fino Payments Bank used shell cos, payment aggregators to move illicit funds from online money gaming: SourcesGST authorities have arrested its managing director and CEO Rishi Gupta for violating the law related to the Goods and Services Tax (GST), ...
Payments Council writes to FM Sitharaman over Fino Bank CEO’s arrestIndia's digital payments body, PCI, has voiced concerns to the Finance Minister following Fino Payments Bank CEO's arrest. While respecting...
Fino Payments Bank CEO arrest rattles fintech industry; Payments Council writes to FMThe Payments Council of India (PCI), which represents digital payments companies, has written to finance minister Nirmala Sitharaman seekin...
Fino Payments Bank CEO Arrested: FM Sitharaman to 'check' GST evasion caseFinance Minister Nirmala Sitharaman will investigate the arrest of Fino Payment Bank CEO Rishi Gupta. Gupta was apprehended by GST authorit...
Fino Bank MD and CEO Rishi Gupta arrested under GST provisionsFino Payments Bank MD Rishi Gupta was arrested by DGGI Hyderabad in a probe concerning business partners under GST tax provisions. The bank...
Fino Bank CEO Rishi Gupta arrested under GST actsFino Payments Bank's Managing Director and CEO, Rishi Gupta, was arrested under CGST and SGST Acts. The bank clarified the investigation in...
Net blockade leaves UP at a net financial lossTransactional services have come to a halt, and merchants are finding it hard to conduct business.