Fino Payments Bank: RBI Approves Ketan Merchant as Interim CEO
Fino Payments Bank Limited announced that the RBI has approved the appointment of Mr. Ketan Merchant as Interim CEO. His appointment is effective February 27, 2026, for a three-month period or until Mr. Rishi Gupta resumes office, whichever is earlier.
The appointment of an interim CEO can impact operational continuity and strategic direction, hence a medium impact.
The appointment of an interim CEO is a procedural change and does not inherently signal a positive or negative shift in the company's performance or outlook.
Fino Payments Bank Limited has announced the approval from the Reserve Bank of India (RBI) for the appointment of Mr. Ketan Merchant as the Interim Chief Executive Officer (CEO) of the Bank. This approval was conveyed by the RBI via a letter dated March 06, 2026.
Mr. Merchant's appointment as Interim CEO is effective from February 27, 2026, and will be for a period of three months. This tenure is subject to specific conditions: it will end either upon Mr. Rishi Gupta resuming office after a reassessment of his fit and proper status by the Nomination and Remuneration Committee (NRC) and the Board, and a subsequent decision by the RBI, or at the end of the three-month period, whichever occurs earlier.
This disclosure follows up on a previous communication dated March 06, 2026, and will be made available on the Bank's official website, www.fino.bank.in.
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Fino Payments Bank Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Fino Payments Bank Limited. Read the original for the full detail.