Fino Payments Bank Shares Drop Amid Reports of Possible ED Probe into Gaming Transactions

Shares of Fino Payments Bank fell to a 52-week low amid reports of a potential Enforcement Directorate (ED) probe into online gaming transactions linked to the bank, following an ongoing investigation by the Directorate General of GST Intelligence (DGGI) into alleged GST evasion and suspected money laundering. The bank clarified that the probe concerns certain programme managers associated with it and does not involve its core operations or GST compliance. Interim management has been appointed after the arrest of the bank's CEO in connection with the GST case.