The Fino Payments Bank share price witnessed a sharp fall in stock market today, sending investors into a cautious mood. On March 16, the stock dropped more than 16%, touching its 52-week low after reports surfaced about possible scrutiny of certain transactions linked to the bank.
The sudden fall came even as the lender stepped forward with a clarification about the issue. The development has drawn attention in the market because it involves regulatory developments, internal disclosures, and ongoing investigations related to specific entities associated with the bank.
While the market reacted quickly to the headlines, the bank has maintained that the investigation is limited and does not directly involve the institution in the way some reports suggested.
Fino Payments Bank Share Price Falls Sharply in Stock Market Today
The Fino Payments Bank share price came under heavy selling pressure during trading on March 16.
The stock dropped more than 16% during the session, sliding to its 52-week low. The decline was triggered after reports indicated that certain online gaming transactions linked with the bank could come under the scanner of authorities.
As the news spread across the market, selling intensified and the stock remained in the deep red during afternoon trade.
This sudden movement placed the Fino Payments Bank share price among the most discussed stocks in the stock market today, as investors tried to understand the implications of the reports.
Key Development Behind the Sharp Fall
The pressure on the stock followed a development disclosed earlier by the bank regarding its top management.
The lender had informed that its Managing Director and Chief Executive Officer, Rishi Gupta, was arrested on February 27.
The arrest took place under provisions of:
- The Central Goods and Services Tax law enacted in 2017
- The State Goods and Services Tax Act, 2017
The action was carried out by the Directorate General of GST Intelligence (DGGI) in Hyderabad.
This disclosure had already drawn market attention, and the latest reports regarding possible scrutiny of gaming-related transactions added further uncertainty around the Fino Payments Bank share price.
Bank Issues Clarification on Investigation Reports
Amid the sharp fall in the Fino Payments Bank share price, the lender released a clarification to address reports circulating in the media.
According to the bank:
- It is not under investigation by any authority other than DGGI (Hyderabad).
- The ongoing investigation relates to certain program managers and merchants.
- These entities are associated with multiple banks, not only Fino Payments Bank.
The bank also emphasized that it does not directly or indirectly participate in or promote gaming or betting activities through any platform, website, or channel.
This clarification was shared through a filing with the stock exchanges as the stock remained under pressure in the stock market today.
Bank Rejects Claims About Bail Rejection
Another point addressed by the bank was related to reports about court proceedings.
The lender stated that media reports suggesting that a court had rejected bail are incorrect.
It clarified that such references appearing in certain reports were not factual.
By issuing this statement, the bank attempted to address speculation surrounding the case and the developments connected to its leadership.
Statement on Money Laundering Probe Reports
The bank also responded to reports linking the issue to the **Prevention of Money Laundering Act (PMLA).
According to the lender, media reports suggesting a probe under the PMLA are:
- Non-factual
- Speculative
The bank reiterated that the current investigation being carried out relates specifically to certain program managers and merchants, and not to the bank’s direct operations.
Banking Business Continues to Show Growth
Even as the Fino Payments Bank share price declined in the stock market today, the lender recently reported positive operational developments.
The bank shared that its deposit balances increased by nearly 9% in the past two weeks.
Key Operational Highlights
- Deposit balances: Around ₹2,900 crore as of March 13, 2026
- Growth period: Nearly 9% increase in two weeks
- New accounts added: Around 1.5 lakh accounts since February 27
- Daily account additions: Nearly 10,000 accounts per day
These numbers indicate strong customer traction even during a period when the Fino Payments Bank share price has faced volatility in the stock market today.
Shareholding Pattern
As per data available up to December 2025, the promoter group maintained a significant stake in the lender.
Promoter Holding
- Promoters stake: 75% in Fino Payments Bank
A high promoter holding generally reflects strong ownership concentration within the company.
Company Snapshot
Fino Payments Bank operates as a payments bank in India, focusing on financial inclusion and digital banking services. The bank offers:
- Savings accounts
- Remittance services
- Digital payment solutions
- Merchant banking services
Through its network of merchants and program managers, the bank connects with customers across different regions.
Summary
The Fino Payments Bank share price saw a steep fall of more than 16% on March 16, touching a 52-week low during trading in the stock market today.
The decline followed reports that certain online gaming transactions linked with the bank may face scrutiny by authorities. The development came shortly after the disclosure that CEO Rishi Gupta was arrested on February 27 under provisions of the Central and State GST Acts by the Directorate General of GST Intelligence in Hyderabad.
Despite the market reaction, the bank clarified that:
- It is not under investigation by any authority other than DGGI (Hyderabad)
- The probe relates to certain program managers and merchants
- It does not engage in or promote gaming or betting activities
The bank also stated that reports about a PMLA investigation and bail rejection are non-factual.
Meanwhile, operational data shows continued growth, with deposit balances rising to around ₹2,900 crore and about 1.5 lakh new accounts added since February 27.
As the situation develops, the Fino Payments Bank share price remains closely watched in the stock market today, reflecting how regulatory developments and clarifications can quickly influence market sentiment.
Source: Moneycontrol
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