Management Change21 May 2026, 08:51 pm
Fino Payments Bank: Rishi Gupta Resigns as MD & CEO
AI Summary
Fino Payments Bank's board accepted Rishi Gupta's voluntary early retirement as MD & CEO, effective May 21, 2026. The board acknowledged Gupta's contributions, including leading the bank to profitability and securing in-principle approval for transition into a Small Finance Bank. Ketan Merchant's tenure as Interim CEO is extended, subject to RBI approval, for up to 3 months from May 27, 2026. Anup Agarwal's term as Interim CFO is also extended for up to 3 months from July 6, 2026.
Key Highlights
- Rishi Gupta resigns as MD & CEO of Fino Payments Bank, effective May 21, 2026.
- Ketan Merchant's tenure as Interim CEO extended, subject to RBI approval.
- Anup Agarwal's tenure as Interim CFO extended for up to 3 months.
- Board found no prima facie case against Rishi Gupta regarding DGGI investigation.
- Operations remain stable with no impact on services to customers.
Price Impact
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