India’s market regulator SEBI has issued a settlement order in the case involving Fino Payments Bank Limited, concluding a procedural breach related to disclosure norms.
Key Highlights:
- Fino Payments Bank paid Rs 588,921 to settle the matter without admitting or denying guilt
- The violation pertained to delayed or incomplete disclosures under SEBI’s listing obligations
- Settlement was processed under SEBI’s consent mechanism to avoid prolonged litigation
- No restrictions imposed on the bank’s operations or future market participation
- SEBI’s order reinforces its push for timely compliance and transparent corporate governance
- Fino Payments Bank continues to operate under RBI’s regulatory framework
Regulatory Impact:
- Encourages listed entities to proactively resolve minor procedural lapses
- Demonstrates SEBI’s evolving approach to non-adversarial enforcement
Sources: SEBI Orders Archive, Business Standard Compliance Desk, Moneycontrol Regulatory Tracker 2025