Fino Payments Bank receives complaints about misappropriation of funds; stock slips over 8%
At around 10:11 a.m., shares of Fino Payments Bank were down 1.5 per cent at Rs 325.35 apiece on the BSE, falling for the third straight session. The market capitalisation of the stock stood at Rs 2,698.22 crore.
Fino Payments Bank has appointed KPMG to conduct a detailed independent investigation of the incident, image- Pixabay