Change in Director-KMP-SMP
FINOPB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Fino Payments Bank's MD & CEO, Mr. Rishi Gupta, has resigned via voluntary early retirement effective May 21, 2026. The resignation follows a GST Intelligence investigation against him; however, the Board reviewed legal opinions and concluded no prima facie case exists, declaring him fit and proper to continue. Gupta himself chose to step down citing personal reasons after two decades with the group. The Bank has extended Mr. Ketan Merchant as Interim CEO (up to 3 months, pending RBI approval) and Mr. Anup Agarwal as Interim CFO (up to 3 months). The Bank states operations remain stable and it will continue pursuing its Small Finance Bank transition.
The CEO's sudden departure amid an ongoing GST investigation is a significant governance event. While the Board cleared him, his voluntary exit raises questions about underlying regulatory risks. Shares may face near-term pressure as investors reassess leadership stability and the Small Finance Bank conversion timeline.