Management Change21 May 2026, 08:51 pm
Fino Payments Bank: Rishi Gupta Retires as MD & CEO
AI Summary
Fino Payments Bank's MD & CEO, Rishi Gupta, has requested voluntary early retirement, effective May 21, 2026 (after business hours). The Board accepted his request, acknowledging his contributions to making the bank the first profitable listed payments bank in India and obtaining in-principle approval for transition into a Small Finance Bank. The Board has extended the tenure of Mr. Ketan Merchant as Interim CEO, subject to RBI approval, for a period not exceeding 3 months effective from May 27, 2026. Additionally, the tenure of Mr. Anup Agarwal as Interim CFO has been extended for a period not exceeding 3 months w.e.f. July 06, 2026.
Key Highlights
- Rishi Gupta retires as MD & CEO of Fino Payments Bank, effective May 21, 2026.
- Ketan Merchant's tenure as Interim CEO extended, subject to RBI approval, for up to 3 months.
- Anup Agarwal's tenure as Interim CFO extended for up to 3 months from July 6, 2026.
- Board found no prima facie case against Rishi Gupta regarding DG GST Intelligence investigation.