Fino Payments Bank appoints Ketan Merchant as interim CEO

Business Desk — Sun, 08 Mar 2026 04:34:32 +0000

Fino Payments Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Mr. Ketan Merchant as the interim CEO. The approval, communicated through a letter dated 6th March 2026, is effective from 27th February 2026. Mr. Merchant will serve in this role for a period of three months or until Mr. Rishi Gupta resumes office, whichever is earlier.

The appointment of Mr. Merchant comes amid a reassessment of Mr. Gupta’s fit and proper status by the Nomination and Remuneration Committee (NRC) and the Board of Directors. The RBI’s decision will also play a crucial role in determining Mr. Gupta’s return to his position. The bank has assured stakeholders that this disclosure is available on its official website for further reference.

Fino Payments Bank, headquartered in Navi Mumbai, continues to operate under the regulatory framework of the SEBI Listing Obligations and Disclosure Requirements. The bank’s management has expressed confidence in Mr. Merchant’s ability to lead during this interim period, ensuring continuity in operations and strategic initiatives.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article was generated by Business Desk and reviewed by News Desk before publication.

CEO Appointment | Business Upturn

Fino Payments Bank appoints Ketan Merchant as interim CEO