Fino Payments Bank Extends Interim CEO Ketan Merchant's Tenure

Fino Payments Bank Ltd announced that its Board of Directors, following a recommendation from the Nomination & Remuneration Committee, has approved the extension of Mr. Ketan Merchant's tenure as Interim Chief Executive Officer (Interim CEO). This extension is for a period not exceeding 3 months, effective from August 27, 2026, and is subject to approval from the Reserve Bank of India (RBI). Mr. Merchant, who has over 27 years of banking experience and has been with the bank since 2018, will continue to serve as Key Managerial Personnel and Senior Managerial Personnel. The board meeting was held on August 24, 2026, and lasted from 2:00 p.m. to 2:24 p.m. IST.