Fino Payments Bank has extended the tenure of Ketan Merchant as Interim Chief Executive Officer for a period not exceeding three months, effective August 27, 2026. The Board of Directors approved the extension on August 24, 2026, subject to Reserve Bank of India approval.

The decision follows recommendations from the Nomination and Remuneration Committee. Merchant continues to serve as Key Managerial Personnel and Senior Managerial Personnel during this interim period. The bank previously notified stakeholders about leadership transitions in March 2026 and May 2026.

Leadership Context

Merchant joined the bank in 2018 and currently serves as Interim CEO since February 27, 2026. He brings over 27 years of banking experience to the role. His career includes stints at HSBC, Standard Chartered, and Barclays Group, focusing on retail banking and balance sheet management.

Under his stewardship, 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 commenced at 2:00 pm and concluded at 2:24 pm. Detailed particulars are available on the bank's website.

Fino Payments Bank will meet with Infinity Alternatives Advisors LLP for a one-to-one investor interaction on Tuesday, August 25, 2026.

The in-person session is scheduled from 1:30 pm to 2:30 pm at the Lower Parel venue in Mumbai. The bank disclosed the schedule pursuant to Regulation 30 of the SEBI Listing Regulations, which governs continuous disclosure obligations for listed entities.

Meeting Details

The company stated that only information available in the public domain will be shared during the interaction. No unpublished price-sensitive information will be discussed. The disclosure is also available on the bank's website.

The schedule remains subject to change due to exigencies on the part of the analysts, investors, or the bank. Basavraj Loni, Company Secretary and Compliance Officer, signed the disclosure issued from Navi Mumbai.