Fino Payments Bank Limited — Others, 28-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Fino Payments Bank Limited has filed an application with the Hon'ble Sessions Court in Bengaluru to contest a ₹11.92 Crore lien marked by the Karnataka CID on its bank account. The lien arises from an ongoing investigation linked to an instance involving four of the bank's merchants; however, the bank asserts that it and its employees are not implicated in the incident. The bank anticipates a favorable outcome from the court, which could lead to the release of the liened amount, supporting its financial stability. This legal challenge could influence investor sentiment positively, given the company's confident stance on achieving a resolution.