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

Director Flagged GovernanceManagement Changes View source PDF Explain this filing

FINOPB · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹132.00

prior close

₹136.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.5%-0.5% vs market

Other Bank peers, median of 8sector+2.3%-0.3% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.3 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.7

15m

-1.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+2.5-0.5+2.3-0.3

Next day

+5.9+3.7+2.2+1.8+4.1

+8.1+5.0+3.1+2.4+5.7

+3.9+4.4-0.5+1.3+2.7

+4.3+5.5-1.2+4.9-0.6

+5.7+6.9-1.2+4.4+1.3

-1.2+5.1-6.3+3.2-4.4

15d

+3.1+12.0-8.9+16.2-13.1

-9.3+7.6-16.9+8.1-17.4

+4.1+13.7-9.6+18.2-14.2

+28.0+18.7+9.3+21.3+6.7

UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.