Fino Payments Bank Shares Gain More Than 3% After Settling SEBI Case for ₹5.89 Lakh

Mumbai, October 7, 2025: Fino Payments Bank Limited (NSE: FINOPB, BSE: 543386) shares surged more than 3% in today’s morning trading session. As of 10:49 am IST, Fino’s shares were up 3.41% to ₹309.00, compared to the previous closing of ₹298.80. The stock achieved a high of ₹308.45, with a trading volume of 2.41 lakh shares and a 52-week range of ₹200.00 to ₹446.45.

This rise was seen after the bank reached an agreement with the Securities and Exchange Board of India (SEBI) to end a regulatory dispute. This argument was over the delayed disclosure of internal fraud probes. The SEBI’s decision on October 6, 2025, concluded the case after the bank paid ₹5,88,921.45 under the Settlement Proceedings Regulations, 2018. The settlement was paid, but there was no admission or denial of the findings.

The Case’s Background

SEBI took its decision after seeing that Fino Payments Bank didn’t promptly make public a KPMG report from November 8, 2023, that showed some of its employees were doing things that were against the law. Regulation 30 of SEBI’s LODR guidelines says that the bank should have alerted people about these major changes within 24 hours, but it didn’t.

On October 8, 2024, a show-cause notice was handed out, and Fino then sought a settlement. Before the Panel of Whole-Time Members endorsed the proposal on August 8, 2025, it was looked at by SEBI’s Internal Committee and the High Powered Advisory Committee (HPAC). The bank sent the settlement amount on September 16, which led to the order being issued in October.

Company’s Response

Fino Payments Bank made it clear in its regulatory filing that the settlement was made “without admission or denial of findings” and that the amount was not very important in terms of money. The bank said it is still committed to keeping strong disclosure standards and that the case’s end lets it concentrate on business priorities without having to worry about regulations.

Regulatory Context and Outlook

After a recent review of the guidelines, the SEBI decision was made. The Reserve Bank of India fined Fino ₹29.6 lakh in July 2025 for not following the requirements that payments banks have to follow when they receive their licenses. The company is still adding to its network of over 12 lakh merchants across the country and getting ready to become a Small Finance Bank, which would let it start lending money with security.

The SEBI settlement, even though it wasn’t worth much money, shows that Fino is serious about enhancing transparency and governance as it gets ready for its next growth phase.

REF: https://nsearchives.nseindia.com/corporate/FINOPB_06102025193341_Cover_Settlement_Order.pdf

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