Fino Payments Bank Extends Interim CEO Ketan Merchant's Tenure by 3 Months

Fino Payments Bank Limited announced the extension of Mr. Ketan Merchant's tenure as Interim Chief Executive Officer (CEO) for a period not exceeding three months, effective August 27, 2026. This decision, approved by the Board of Directors following a recommendation from the Nomination & Remuneration Committee, is subject to the approval of the Reserve Bank of India (RBI). Mr. Merchant, who joined the bank in 2018 and has over 27 years of banking experience, has been instrumental in the bank's strategy and growth, including its listing in 2021. He will continue to serve as Key Managerial Personnel and Senior Managerial Personnel.