1. Fino Payments Bank CEO Arrested in ₹840 Cr GST Evasion Scandal, Ambitions in Jeopardy
Fino Payments Bank’s trajectory has violently reversed. Just weeks after receiving a major regulatory endorsement, the bank is now in crisis following the arrest of its Managing Director and CEO, Rishi Gupta, by tax authorities. The Directorate General of GST Intelligence (DGGI) alleges Gupta was a “mastermind” in a sy...