Fino Payments Bank Limited has notified stock exchanges about the extended unavailability of its Managing Director & Chief Executive Officer, Rishi Gupta, who has been unable to perform his regular duties for more than 45 days due to ongoing regulatory procedures.

Regulatory Compliance and Leadership Status

In a disclosure dated April 13, 2026, the bank informed BSE Limited and National Stock Exchange of India Limited that Mr. Gupta's unavailability stems from a pending re-assessment of his fit and proper status. This notification was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Previous Disclosures and Timeline

The current disclosure follows earlier communications from the bank dated February 27, 2026, March 07, 2026, and March 26, 2026. According to the bank's previous disclosure on March 07, 2026, Mr. Gupta will resume his position as MD & CEO following the completion of the re-assessment process by the bank's Nomination and Remuneration Committee and Board of Directors, subject to the Reserve Bank of India's view on the matter.

Operational Continuity and Performance

Despite the leadership transition, Fino Payments Bank emphasized that its operations remain stable and uninterrupted. The bank continues to serve its customers and stakeholders in the normal course of business under the interim CEO arrangement approved by the RBI.

Recent Business Achievements

The bank highlighted several positive developments that demonstrate its operational strength:

• Record Deposits: Achieved highest-ever deposit balance during March 2026
• Lending Growth: Witnessed strong momentum in referral lending business
• Market Position: Reinforced strong fundamentals for next phase of growth

These achievements were previously disclosed in communications dated March 14, 2026, March 25, 2026, and April 06, 2026, indicating sustained business performance during the interim period.

Regulatory Framework and Transparency

The disclosure demonstrates the bank's commitment to regulatory compliance and transparency with stakeholders. The notification was signed by Basavraj Loni, Company Secretary & Compliance Officer, and has been made available on the bank's official website at www.fino.bank.in for public access.

The bank's proactive communication approach ensures that investors and stakeholders remain informed about significant developments while maintaining confidence in the institution's operational stability and growth trajectory.

Fino Payments Bank Limited has reported strong business performance for Q4FY26, demonstrating significant growth in key operational metrics despite mixed results across different business segments. The bank disclosed these provisional unaudited numbers in a regulatory filing dated April 06, 2026, ahead of its official financial results announcement.

Record-Breaking Deposit Growth and Customer Acquisition

The bank achieved several milestones during Q4FY26, with deposits reaching an all-time high of ₹2,950+ crore in March 2026. Customer acquisition remained robust, with approximately 7 lakh new bank accounts opened during the quarter, compared to 3.13 lakh in March 2026. This growth expanded the bank's total customer base to around 1.75 crore accounts.

The bank also recorded its highest-ever quarterly renewal income of ₹62.2 crore, reflecting strong customer engagement and service utilization across its platform.

Exceptional Growth in Loan Referral Business

The loan referral segment demonstrated exceptional performance with 96% growth over Q3FY26. Disbursements reached approximately ₹600 crore through partner institutions, highlighting the growing credit potential within the bank's ecosystem. This strong momentum positions the bank favorably for its Small Finance Bank (SFB) transformation journey.

Mixed Performance in Transaction and Digital Services

While core banking metrics showed strength, certain business segments faced challenges during the quarter. The transaction business, encompassing remittance, Micro ATM, and Aadhaar Enabled Payment System (AePS) services, declined approximately 30% versus Q3FY26. This decline was attributed to muted performance during January and February 2026, though the bank witnessed recovery in March 2026.

Digital payment services experienced moderation of approximately 25% versus Q3FY26, which the bank attributed to its continuous risk-calibrated approach and impact from recent market developments. The bank emphasized its focus on building a high-quality, active, and risk-mitigated merchant base, with stabilization initiatives underway and recovery expected over the coming quarters.

Strategic Focus and Future Outlook

Despite challenges in select segments reflecting ongoing industry transitions, Fino Payments Bank remains focused on strengthening core liabilities, improving business quality, and building scalable growth drivers aligned with its strategic roadmap. The bank continues to progress on its SFB implementation journey, building a strong liability-first and prudent secured lending franchise with a differentiated distribution strategy.

The disclosed information is based on provisional unaudited numbers and remains subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors of the bank.