New Delhi, Feb. 27 -- Fino Payments Bank Ltd said on Friday, 27 February, that its Managing Director and CEO, Rishi Gupta, has been arrested under the CGST and SGST Act. The information was disclosed in an exchange filing.

The bank said the investigation relates to business partners of the bank and not to its GST compliance. It also clarified that none of the bank's officials is involved with the case and that officials are cooperating with the investigation.

According to the details given by the bank, the arrest has been made only in respect of Rishi Gupta.

"Presently, there is no impact on the bank. In case of any impact in the future, appropriate disclosure will be made to the stock exchanges," it said.

Rishi Gupta has been arreste...