Fino Payments Bank’s performance has sharply deteriorated since CEO Rishi Gupta’s arrest, with net profit collapsing and revenue sliding across quarters. The damage stems from an RBI circular that crippled bank-led remittances, stress in NBFC and microfinance clients that fund its cash management, and a pullback from digital payments after gaming-linked investigations. Yet management points to a booming deposit base and a potential edge for its upcoming small finance bank plans.
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