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The Economic Times

Economy / The Economic Times

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Fino Bank MD and CEO Rishi Gupta arrested under GST provisions

Fino Payments Bank MD Rishi Gupta was arrested by DGGI Hyderabad in a probe concerning business partners under GST tax provisions. The bank stated the investigation is not related to its GST compliance, but sources indicate fake invoices caused government revenue loss. The Fino board has appointed CFO Ketan Merchant as interim head.

27 Feb 2026 10:23 pm