Fino Payments Bank Limited has informed the Exchange about change in Management
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Fino Payments Bank reported FY2026 audited financial results showing Total Income of Rs 1,587 crore (down from Rs 1,847 crore in FY2025) and Net Profit of Rs 52.5 crore (down 43% from Rs 92.5 crore). EPS declined to Rs 6.30 from Rs 11.12. Deposits grew 23% to Rs 2,380 crore. The CEO Mr. Rishi Gupta was arrested by DGGI in February 2026; Mr. Ketan Merchant (CFO) was appointed Interim CEO and Mr. Anup Agarwal as Interim CFO. The bank also received RBI in-principle approval in December 2025 to transition into a Small Finance Bank. Mr. Aninda Mukherjee was re-appointed as Chief Risk Officer for 3 years.
The near 43% decline in net profit reflects operational challenges, while the CEO arrest raises governance concerns despite the bank's assertion of no material impact. The Small Finance Bank transition and strong capital adequacy (84%) are positive long-term signals.