Fino Payments Bank Withdraws MD Reappointment Postal Ballot

Fino Payments Bank filed an addendum withdrawing MD & CEO Rishi Gupta's re-appointment from its ongoing postal ballot.
Withdrawal follows Gupta's arrest in an economic offences investigation; he was subsequently granted bail by Hyderabad's Special Judge.
Agenda 1 (FY 2024-25 remuneration of Rs. 5.70 Crore for Gupta) remains valid; e-voting results due by March 31, 2026.
Re-appointment will be resubmitted after RBI fit-and-proper reassessment and compliance with Companies Act and SEBI LODR regulations.