Fino payments bank has announced that it has received a revised ESG rating from ESG Risk Assessments & Insights Limited. The bank disclosed that it has been assigned an ESG score of '56-Adequate' on March 10, 2026, based on publicly available information.

Updated ESG Assessment Details

The latest ESG assessment represents a change from the bank's previous rating. The new evaluation was conducted by ESG Risk Assessments & Insights Limited, which assigned the updated score based on their analysis of publicly available information about the bank's environmental, social, and governance practices.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, which was updated on January 30, 2026, as part of its compliance framework.

Corporate Communication and Transparency

The formal disclosure was signed by Basavraj Loni, Company Secretary & Compliance Officer, and was digitally executed on March 10, 2026. The communication was addressed to both BSE Limited (Scrip Code: 543386) and National Stock Exchange of India Limited (Symbol: FINOPB), ensuring compliance with dual listing requirements.

Fino Payments Bank has made the revised ESG rating disclosure available on its official website at www.fino.bank.in , maintaining transparency and accessibility for stakeholders. This practice aligns with regulatory requirements for public disclosure of material information that could impact investor decisions.

The updated ESG rating reflects the bank's current environmental, social, and governance practices as evaluated by the new assessment methodology, providing stakeholders with an independent evaluation of the institution's sustainability and governance standards.

Fino Payments Bank announced significant interim leadership changes following its Board of Directors meeting held on March 06, 2026. The board approved key managerial appointments to ensure continuity in the bank's operations during a transitional period.

RBI Approval for Interim CEO

The Reserve Bank of India has approved the appointment of Mr. Ketan Merchant as Interim CEO of the bank. The approval details are as follows:

The appointment will remain effective until Mr. Rishi Gupta resumes office, post reassessment of his fit and proper status by the NRC and Board and a view is taken by the RBI, whichever is earlier.

Key Leadership Appointments

The board made two critical appointments to fill key managerial positions:

Interim CEO Appointment

Mr. Ketan Merchant has been appointed as Interim Chief Executive Officer to carry out duties of MD&CEO as per provisions of Section 10B(9) of the Banking Regulation Act, 1949. His appointment represents a re-designation from his current role as Chief Financial Officer and Head of the Organisation. The appointment was made pursuant to recommendations from the bank's Nomination and Remuneration Committee.

Interim CFO Appointment

Mr. Anup Agarwal was appointed as Interim Chief Financial Officer, effective immediately from March 06, 2026. His appointment, for a period not exceeding 4 months, was recommended by both the Nomination and Remuneration Committee and Audit Committee of the bank.

Professional Background

Mr. Ketan Merchant

Mr. Merchant brings extensive banking experience to his new role:

Mr. Anup Agarwal

Mr. Agarwal's professional credentials include:

Regulatory Compliance

The bank has informed both BSE Limited and National Stock Exchange of India Limited about the RBI approval under Regulation 30 of the SEBI Listing Regulations. The disclosure is also available on the bank's website at www.fino.bank.in . The board also approved the appointment of a special consultant to conduct a special review of GST compliances and other aspects based on the approved scope of work, following recommendations from the Audit Committee.