So, sabse pehle baat karte hain ki ye stock gira kyun. Telangana High Court ne aaj Fino Payments Bank ke MD & CEO, Rishi Gupta ki arrest ko challenge karne wali plea ko reject kar diya hai. Ye baat 24 March 2026 ko hui, aur iske baad hi share mein lagbhag 20% ka bhayanak giraavat dekha gaya.
Abhi ye news aayi hai ki court ne plea dismiss kar di hai, lekin bank management ne turant investors ko reassure karne ki koshish ki hai. Unhone bataya ki Fino Payments Bank ke operations ekdam stable hain aur koi rukawat nahi hai. Sabse important, unhone record deposit balance bhi announce kiya hai jo ki is month ₹2,900 Crore tak pahunch gaya hai. Ye bank ki financial strength ko dikhata hai.
Jo investigation chal rahi hai, uske baare mein bank ne clear kiya hai ki ye seedha bank ki Goods and Services Tax (GST) compliance se related nahi hai. Ye mamla kuch third-party program managers aur business partners ka hai, jo alag-alag financial institutions se jude hain. Reports yeh bhi keh rahi hain ki ye online money gaming se related ₹5,000 Crore ke alleged illegal fund transfers ke baare mein hai. Fino ka kehna hai ki ye unke partners ka issue hai, bank ka nahi.
Agar financial figures dekhein toh Fino Payments Bank ki market cap lagbhag ₹1,175 Crore hai. Waise to inka Price-to-Earnings (P/E) ratio 16.81x hai, jo market average se kam hai, lekin industry peers se compare karein toh thoda zyada lagta hai jinka average 11.6x hai. Bank ko Reserve Bank of India (RBI) se Small Finance Bank (SFB) banne ki in-principle approval bhi mil gayi hai, jisse woh lending business badha sakti hai.
Sabse bada risk toh CEO ke legal case mein hi hai, kyunki court ne plea dismiss kar di hai. Analyst log waise 'BUY' rating de rahe hain aur consensus target price around ₹345 rakha hai. Unko lagta hai ki EPS 37.2% aur revenue 19.4% tak badh sakta hai, aur SFB transition se net interest income double ho sakta hai.
Ab dekhna hoga ki CEO ka legal case aage kya mod leta hai aur kya bank apne SFB transformation ko smoothly manage kar paati hai.