Fino Payments Bank has announced the unavailability of its Managing Director and Chief Executive Officer, Rishi Gupta, for a period exceeding 45 days due to a pending re-assessment of his fit and proper status. This development follows previous disclosures made by the bank on February 27, March 7, and March 26, 2026.
The bank has clarified that Gupta’s return to his role is contingent upon the re-assessment by the bank’s Nomination and Remuneration Committee and Board of Directors, as well as a decision by the Reserve Bank of India. In the interim, an Interim CEO has been appointed with the approval of the RBI to ensure continuity in leadership.
Despite the absence of its MD & CEO, Fino Payments Bank has reported stability in its operations. The bank has assured stakeholders that its services remain uninterrupted and that it continues to serve its customers effectively. Notably, the bank achieved its highest-ever deposit balance in March 2026, alongside strong momentum in its referral lending business, underscoring its robust fundamentals and preparedness for future growth.
This disclosure is also available on the bank’s official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).