FINOPB: Rishi Gupta Resigns as MD & CEO, Ketan Merchant Named Interim CEO
Rishi Gupta has voluntarily retired as MD & CEO of Fino Payments Bank, effective May 21, 2026. The Board accepted his resignation and extended Ketan Merchant's term as Interim CEO for up to 3 months from May 27, 2026, pending RBI approval. Anup Agarwal's term as Interim CFO has also been extended for up to 3 months from July 06, 2026.
Changes in key management personnel can have a moderate impact on the company's operations and strategic direction. The appointment of interim replacements mitigates potential disruptions, but the long-term effects remain to be seen.
The announcement primarily involves changes in key management positions, which is a neutral event. The resignation of the CEO is balanced by the appointment of interim replacements, maintaining operational continuity.
Fino Payments Bank Limited announced the voluntary early retirement of Mr. Rishi Gupta from his position as Managing Director & Chief Executive Officer, effective May 21, 2026, after the end of business day. The Board has accepted his request and expressed gratitude for his contributions to making the bank the first profitable listed payments bank in India and obtaining in-principle approval from RBI for transitioning into a Small Finance Bank. 21, 2026. The meeting commenced at 05:45 p.m. (IST) and concluded at 07:20 p.m. (IST).
Mr. Ketan Merchant's tenure as Interim CEO has been extended, subject to RBI approval, for a period not exceeding 3 months starting May 27, 2026. Mr. Anup Agarwal's tenure as Interim CFO has also been extended for a period not exceeding 3 months effective from July 06, 2026. These extensions ensure continuity in the bank's operations and services.
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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.