Fino Payments Bank has secured RBI approval to appoint Ketan Merchant as Interim Chief Executive Officer for a three-month term, effective February 27, 2026, or until Rishi Gupta resumes office, whichever comes first. This move sets the stage for a measured leadership bridge as the bank strengthens its governance amid a period of transition.
The RBI nod comes alongside ongoing assessments of Gupta’s fitness and propriety status by the NRC and the bank’s Board, signaling a meticulous approach to governance during the interim period. The arrangement underscores the institution’s emphasis on stability while decisions on long-term leadership are worked through.
In a rapidly evolving payments landscape, the interim arrangement offers a pause for reflection and strategic continuity. It positions the bank to navigate near-term priorities with experienced leadership at the helm while the due diligence and future-planning processes play out.
Fino Payments Bank said the update would be available on its website, ensuring stakeholders have access to the latest leadership development as the bank charts its course forward.