Rishi Gupta: Who is Rishi Gupta? As soon as the screws were tightened in the GST case, the CEO went behind the bars.

Rishi Gupta Arrested: Rishi Gupta, former MD and CEO of Fino Payments Bank, has been arrested for violating the law related to Goods and Services Tax. In a special board meeting held after the arrest, the bank’s Chief Financial Officer Ketan Merchant was made the head of the organization. Fino Payments Bank said in a regulatory filing that Gupta was arrested “under the provisions of sections 132(1)(a) and 132(1)(i) of the CGST and SGST Act, 2017”. It further said, “The bank is cooperating with the authorities to provide all necessary information. At present, there is no impact on the bank… Any further significant developments will be communicated in due course.” The bank clarified that no other official of the bank was involved in this matter. The investigation was limited to the business partners of the bank.

Who is Rishi Gupta?

According to his LinkedIn profile, Gupta completed his schooling from St. Xavier’s School, Delhi. After this he did B.Com from Shri Ram College of Commerce (SRCC). Later he took degrees from the Institute of Cost Accountants of India and the Institute of Chartered Accountants of India. He started his career as a Budget Officer in Maruti Suzuki India Limited in 1994. Then he played different roles in other companies like IFC (International Finance Corporation) and ICICI.

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How to make a career

His LinkedIn shows that he started at Fino Payments Bank Ltd. “as part of the founding team, responsible for finance and corporate functions, including strategic alliances, as well as sales and business development.” His profile is still available on the official website of Fino Payments Bank. It reads, “His vision played a key role in transforming Fino from an innovative fintech to the top in the payments bank space. He made the bank profitable within three years of its launch in 2017 and was instrumental in making Fino the first payments bank to be listed on the Indian Stock Exchange in November 2021.”

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