Fino Payments Bank pays ₹10.18 crore under protest after GST search

Fino Payments Bank Limited announced that GST officials concluded a search on November 19, 2025. The investigation by the commissioner of GST, Maharashtra State, Mumbai, focused on a dispute regarding input tax credit claimed by the bank, with the GST authority taking a prima-facie view on the matter.

Following the search, Fino Payments Bank paid an amount of ₹10.18 crore under protest on November 19, 2025. The bank stated its intention to contest this payment, believing the claim is not tenable. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The bank clarified that despite the payment and ongoing dispute, there is "no impact on the operations or other activities of the bank." Further details concerning this event are available on the bank's website.