Ketan Merchant, Chief Financial Officer of Fino Payments Bank, said that following the stock exchange announcement on February 27, 2026, the bank would like to reiterate that it has strong corporate governance standards, a robust compliance framework and well-established processes.
As a regulated entity, the bank complies with all applicable laws, including GST regulations.
“The matter relates to a GST investigation involving program managers who have relationships with other banks including Fino Payments Bank Limited. The bank and its MD & CEO – Mr. Rishi Gupta have nothing to do with the actions of the program managers. We have full confidence in the country’s judiciary and will continue to extend full cooperation and assistance to the authorities in the ongoing process,” Ketan Merchant said.
Merchant added that the bank has full confidence in the country’s judiciary and will continue to fully cooperate with the authorities in the ongoing proceedings. He also assured customers, investors and other stakeholders that business operations will remain unaffected and services will continue without interruption, reiterating the bank’s commitment to customer centricity.
Published on March 1, 2026
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