India, March 3 -- Two weird events happened with the Fino Payments Bank in the past few days. First, its MD and CEO, Rishi Gupta, was arrested, which sparked instant reaction from the business community, and forced Finance Minister Nirmala Sitharaman to admit that she will look at the case. On Monday, the stock price dropped nearly 10 per cent in the pre-trading period. During the day, it not only recovered the losses, but closed higher by nearly INR 2 compared to the previous trading session's closing price. Both were seen by experts as knee-jerk reactions, when fears, emotions, and sentiments overtook rationality.

Both incidents, however, are linked to Gupta. The fintech business community pleaded with the FM on social media that neith...