Fino Payments Bank CEO Arrested in GST Probe - varindia.com

In a major development for India’s banking sector, Rishi Gupta, Managing Director and CEO of Fino Payments Bank, was arrested on February 27, 2026, by the Directorate General of GST Intelligence (DGGI), Hyderabad unit. The arrest, carried out in Mumbai around 3:55 AM, relates to alleged violations under Section 132(1)(a) of the CGST Act and Section 132(1)(i) of the SGST Act, concerning tax evasion…