Fino Payments Bank appointed Amit Kumar as Head – Branch Banking, effective September 4, 2026. The move strengthens the bank’s senior management team with an executive holding over 23 years of industry experience.

The appointment follows a recommendation by the Nomination and Remuneration Committee and subsequent approval by the Board of Directors. Kumar joins the bank on a full-time employment basis, assuming responsibility for branch banking operations as part of the Senior Management Personnel.

Regulatory Disclosure

Fino Payments Bank Limited made the disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which was updated on January 30, 2026.

Basavraj Loni, Company Secretary & Compliance Officer, signed the disclosure from Navi Mumbai. The complete details are available on the bank’s website.

Executive Profile

Amit Kumar brings extensive experience from leading financial institutions, including Jana SFB, Bandhan Bank, IndusInd Bank, ICICI Bank, and LIC of India. His academic credentials include:

• Bachelor’s Degree from School of Management Studies
• MBA (Marketing & Strategy Management) from Birla Institute of Management Technology, New Delhi
• Executive Management Program in Banking & Finance from IIM

Kumar has previously headed Branch Banking at Regional and Zonal levels across East, West, and Central regions during his tenure at Jana SFB and Bandhan Bank. He managed a network of more than 130 branches and over 1200 employees through Zonal and Regional Leadership roles.

His track record includes driving digital transformation to lower acquisition costs and improve channel efficiencies. He has been recognized for consistent business growth, rapid regional expansion, and surpassing revenue and client acquisition goals while maintaining exemplary vigilance and risk control.

Fino Payments Bank received Reserve Bank of India approval on August 25, 2026, extending Ketan Merchant's tenure as Interim Chief Executive Officer. The extension lasts for three months, effective August 27, 2026.

The RBI clearance follows the Board of Directors' recommendation approved on August 24, 2026. Merchant will continue in the role until a regular Managing Director and CEO takes charge, whichever occurs earlier.

Leadership Context

Merchant joined the bank in 2018 and assumed the Interim CEO position on February 27, 2026. He brings over 27 years of banking experience to the role, with previous tenures at HSBC, Standard Chartered, and Barclays Group focusing on retail banking and balance sheet management.

Under his leadership, the bank adopted a three-pronged strategy centered on Data, Distribution, and Digital for its Fino 2.0 vision. He also played a key role in listing the bank in 2021.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board meeting that initiated this process commenced at 2:00 pm and concluded at 2:24 pm on August 24, 2026.