Under GST Probe, Rishi Gupta Steps Down As Fino MD & CEO

by · Inc42

SUMMARY

  • The payments bank’s board accepted Gupta’s request for voluntary early retirement despite finding him ‘fit and proper’ to continue as MD and CEO of the Bank
  • Meanwhile, the company’s board extended the tenure of Ketan Merchant as the interim CEO of the payments bank for a period of three months till July 2026
  • The Hyderabad unit of the DGGI arrested Gupta in February in connection with a GST investigation into alleged online betting-linked tax evasion of over ₹840 Cr