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Fino In Freefall, And A Race Against The Clock
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Fino In Freefall, And A Race Against The Clock
The year began with a bang for Fino Payments Bank when the Reserve Bank of India cleared Rishi Gupta’s reappointment as MD and CEO for another three years, sending shares up nearly 9% to ₹227 on January 28. In less than 30 days, the bank went from regulatory validation into a full-blown crisis. Investor confidence rattled, stock got derailed, and clouds of uncertainty started looming over its small finance bank ambitions. Reason? Gupta’s arrest…
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