MD & CEO Rishi Gupta unavailable over 45 days pending fit and proper re-assessment

Director Flagged GovernanceManagement Changes View source PDF

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AI summary

Fino Payments Bank has informed exchanges that its MD & CEO, Mr. Rishi Gupta, has been unavailable to perform his role for over 45 days in a rolling 90-day period due to a pending re-assessment of his fit and proper status by the Bank's Nomination and Remuneration Committee and Board, with the RBI's view also awaited. An Interim CEO was earlier appointed with RBI approval. The Bank states operations remain stable and uninterrupted, and it recently recorded its highest-ever deposit balance in March 2026 with strong momentum in its referral lending business.

Likely market impact

Governance overhang on CEO's status persists; interim leadership in place and business metrics remain strong, but outcome of re-assessment is a key near-term catalyst.