
Board Meeting8 Mar 2026, 09:58 am
RBI Approves Ketan Merchant as Interim CEO of Fino Payments Bank Ltd
AI Summary
Fino Payments Bank Ltd has received approval from the Reserve Bank of India (RBI) for the appointment of Mr. Ketan Merchant as the Interim Chief Executive Officer (CEO) for a period of three months starting from February 27, 2026. The appointment will continue until Mr. Rishi Gupta resumes his duties, following a reassessment of his fit and proper status by the NRC and Board, and a decision by the RBI. This change is in compliance with the SEBI Listing Regulations and the Bank's internal policies.
Key Highlights
- RBI approves Ketan Merchant as Interim CEO of Fino Payments Bank Ltd
- Appointment for a period of three months starting from February 27, 2026
- Continuation until Rishi Gupta resumes his duties post reassessment
- In compliance with SEBI Listing Regulations and the Bank's internal policies
- Decision awaited from RBI post reassessment of Rishi Gupta's status