India, Feb. 28 -- Update | February 28, 13:00 IST

Following the arrest of its CEO Rishi Gupta, Fino Payments Bank said it has a strong corporate governance and compliance framework in place, and it is compliant with all the laws, including GST.

"The issue is with regards to a GST investigation pertaining to programme managers who have relationship with other banks including Fino Payments Bank Ltd. The bank and its MD & CEO Rishi Gupta have nothing to do with the actions of the programme managers," CFO Ketan Merchant, who is leading the company as an interim head, said in a statement.

Reassuring its investors and stakeholders, the bank said its operations will continue uninterrupted and there will be no impact on its services.

Original...