What’s happening with Fino Payments Bank stock: CEO’s arrest as GST probe looks into shell companies, betting funds - theweek.in

Shares of Fino Payments Bank came under heavy pressure on Monday after the lender disclosed that its Managing Director and CEO, Rishi Gupta, had been arrested under India’s Goods and Services Tax (GST) law. The stock slumped as much as 14 per cent in morning trade before trimming some losses to trade about flat by 10.30 am, even as the benchmark Nifty 50 was down about 1.2%. Arrest linked to GST p…