Management Change26 Aug 2026, 04:50 pm
Fino Payments Bank: RBI Extends Interim CEO Ketan Merchant's Tenure by 3 Months
AI Summary
Fino Payments Bank Limited has received approval from the Reserve Bank of India (RBI) to extend the tenure of Mr. Ketan Merchant as Interim CEO. The extension is for a further period of three months, effective August 27, 2026, or until a regular MD & CEO takes charge, whichever is earlier. This decision follows a previous communication on August 24, 2026, and the RBI's formal approval was communicated on August 25, 2026. The bank will also make this disclosure available on its official website.
Key Highlights
- RBI approves extension for Fino Payments Bank's Interim CEO.
- Ketan Merchant's tenure extended by three months.
- Extension is effective from August 27, 2026.
- The interim period ends upon appointment of a regular CEO.
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