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.

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 No unpublished price-sensitive information will be discussed.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.