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Fino Payments Bank Pays Rs 5.8 Lakh to Settle SEBI Case

8 October 20251 min read
BANKING & FINANCEFino PaymentsBank Pays Rs 5.8Lakh to Settle SEBICase8 October 2025safalsetu.com

Why in the news

Fino Payments Bank closed a SEBI proceeding through a settlement of ₹5.8 lakh. The matter concerned delay in telling investors about internal fraud.

Key facts

  • Regulator: Securities and Exchange Board of India (SEBI).
  • Law involved: SEBI LODR Regulations.
  • Allegation: stock exchanges were not told promptly about fraudulent acts by certain employees.

Internal fraud counts as a material event, since it could sway investor decisions.

Exam angle

  • Settlement figure: ₹5.8 lakh.
  • Term to know: material information.

Test yourself

1. How much did Fino Payments Bank pay to settle its SEBI case?

The settlement amount stated is ₹5.8 lakh.

2. Fino Payments Bank's SEBI case concerned late disclosure of what?

It involved non-disclosure of fraud committed by certain employees.

3. Which SEBI regulations did the Fino Payments Bank case concern?

The violation was under the Listing Obligations and Disclosure Requirements Regulations.

This topic is part of Daily Current Affairs 8 October 2025 (15 topics).

All topics of the dayDay quizOctober 2025

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