Fino Payments Bank MD & CEO Rishi Gupta unavailable over 45 days
Fino Payments Bank Ltd announced that its Managing Director & Chief Executive Officer, Mr. Rishi Gupta, has been unavailable to perform his role for over 45 days in a rolling 90-day period. This unavailability stems from a pending re-assessment of his "fit and proper" status. Mr. Gupta will resume office as MD & CEO once the Bank's Nomination and Remuneration Committee, Board of Directors, and the Reserve Bank of India complete their review. An Interim CEO was appointed with RBI's approval during this period. The Bank assured stakeholders that operations remain stable and uninterrupted. It also highlighted recent positive business momentum, including its highest-ever deposit balance in March 2026 and strong growth in its referral lending business.
Key Highlights
- MD & CEO Rishi Gupta unavailable for over 45 days due to fit & proper status re-assessment.
- His return depends on review by Bank's Board and RBI approval.
- An Interim CEO has been appointed with RBI's approval.
- Bank assures stable, uninterrupted operations and strong business fundamentals.
- Recent updates include record deposits and strong referral lending momentum.