Overview
- Rishi Gupta won conditional bail from a Hyderabad economic offences court, which required a Rs 10 lakh bond, two sureties, a passport deposit, and twice‑monthly appearances.
- The bank withdrew its shareholder ballot on Gupta’s reappointment and said its nomination committee will reassess his “fit and proper” status before seeking any new vote.
- The Reserve Bank of India approved CFO Ketan Merchant to serve as interim CEO for three months, pending the outcome of the review process.
- Investigators allege more than ₹840 crore in GST evasion routed through programme managers linked to illegal real‑money gaming, a category India banned last August.
- Fino’s stock remains under pressure, falling about 35%–40% over the past month despite a brief rebound this week.