Fino To Take Call On Rishi Gupta’s Reappointment As CEO, MD After RBI Review

by · Inc42

SUMMARY

  • The troubled bank had sought shareholders’ approval for payment of remuneration to Gupta for FY25 and his reappointment as CEO and MD for 3 years
  • However, Fino’s board has now decided to defer the nod for Gupta’s reappointment
  • The Hyderabad unit of the DGGI arrested Gupta last month in connection with a GST investigation into alleged online betting-linked tax evasion of over ₹840 Cr