Fino Payments Bank has received regulatory approval from the Reserve Bank of India for the re-appointment of Mr. Rishi Gupta as Managing Director and Chief Executive Officer. The central bank's approval extends Gupta's leadership tenure until May 2026, providing continuity in the bank's executive management.

Leadership Continuity Secured

The RBI's decision to approve Gupta's re-appointment demonstrates regulatory confidence in his leadership capabilities and the bank's strategic direction. This approval is particularly significant given the stringent regulatory oversight that payment banks operate under in India's financial services sector.

Shareholder Approval Pending

While the RBI has granted its regulatory approval, the re-appointment process is not yet complete. The decision now awaits formal approval from Fino Payments Bank's shareholders, who must vote on the proposal through the bank's established corporate governance procedures.

Next Steps in Corporate Governance

The bank will need to convene the necessary shareholder meetings to seek formal ratification of Gupta's re-appointment. This step represents standard corporate governance practice, ensuring that both regulatory and shareholder interests are aligned in key leadership decisions.

The completion of this process will provide Fino Payments Bank with executive leadership stability as it continues to operate in India's evolving digital payments landscape.

Fino Payments Bank has announced a significant technological upgrade with the migration of its Core Banking System to the Finacle platform. The bank informed stock exchanges on January 6, 2026, that all banking services will remain unavailable for nearly two days during the planned migration period.

Migration Timeline and Service Impact

The Core Banking System migration is scheduled as follows:

During this transition period, customers will not be able to access any banking services. The bank has advised users to plan their transactions in advance to avoid inconvenience during the downtime.

Strategic Digital Transformation Initiative

This migration represents a key component of Fino Payments Bank's ongoing digital transformation program. The bank is implementing the new core banking system to strengthen its technology infrastructure and maintain leadership in technology innovation.

The new Finacle-based Core Banking System will function as the bank's digital backbone, providing several operational advantages:

• Enhanced operational efficiency across all banking operations
• Greater system resilience and reliability
• Improved scalability to support business growth
• Support for faster rollout of new products
• Better service delivery across all customer touchpoints
• Stronger risk management and regulatory compliance capabilities

Stock Performance and Market Response

Following the announcement, Fino Payments Bank's shares ended lower on January 6:

Exchange Communication Details

The bank's disclosure was made to both major Indian stock exchanges under SEBI Listing Regulations. The communication emphasized the strategic nature of this technological upgrade as part of the bank's commitment to operational excellence and digital innovation.