Fino Payments Bank Limited has informed the Exchange regarding Appointment of Mr Ketan Merchant as Chief Executive Officer of the company w.e.f. February 27, 2026.
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Fino Payments Bank has received RBI approval to appoint Mr. Ketan Merchant as Interim Chief Executive Officer, effective February 27, 2026. His tenure is for three months or until the existing CEO Mr. Rishi Gupta resumes office, whichever comes first. The interim arrangement is linked to a reassessment of Mr. Gupta's fit and proper status by the Nomination and Remuneration Committee and the Board, with RBI's view pending. This is a regulatory-driven leadership change at the top of the bank.
Short-term uncertainty for shareholders as the bank operates under interim leadership, but the RBI's swift approval provides continuity. The market will closely watch developments around Mr. Rishi Gupta's status, as a permanent resolution will be needed within three months.