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Informist, Wednesday, Apr. 1, 2026

--Fino Payments Bank Chief Compliance Officer Aashish Pathak resigns 

NEW DELHI - Fino Payments Bank Tuesday said its Chief Compliance Officer Aashish Pathak has resigned from the position citing personal reasons. Pathak had tendered his resignation on Mar. 13 and his last working day was on Tuesday, the bank said in an exchange filing.

Pathak's resignation comes at a time when the bank is undergoing legal proceedings pertaining to an alleged goods and services tax evasion case against Rishi Gupta, its managing director and chief executive officer. The bank had said the ongoing investigation does not pertain to the bank but to program managers working with the bank. Friday, the bank withdrew a proposal to reappoint Gupta as its managing director and chief executive officer for another three-year term due to governance considerations.

Shares of the bank traded nearly 7% higher at INR 126.20 apiece on the National Stock Exchange at 1212 IST Wednesday. For the December quarter, the bank reported a net profit of INR 122.5 million and a total income of INR 3.94 billion.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Shweta

Edited by Vandana Hingorani

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