RBI approves Ketan Merchant's appointment as interim CEO of Fino Payments Bk
This story was originally published at 08:32 IST on 9 March 2026
Register to read our real-time news.Informist, Monday, Mar. 9, 2026
--RBI approves Ketan Merchant as Fino Payments Bank's interim CEO for 3 mos
MUMBAI – The Reserve Bank of India on Saturday approved the appointment of Ketan Merchant as the interim chief executive officer of Fino Payments Bank Ltd. The appointment is for three months or till the bank's former CEO Rishi Gupta resumes office, post "reassessment of his fit and proper status by the NRC (nomination and remuneration committee)", the bank informed exchanges. The appointment came into effect from Feb. 27.
Rishi Gupta was arrested last month on allegations of online-betting linked goods and services tax evasion. He has challeged his arrest in the Telangana High Court.
For the December quarter, the bank reported a net profit of INR 122.50 million on total income of INR 3.94 billion. On Friday, the bank's shares closed over 1% lower at INR 179.79 on the National Stock Exchange. End
Reported by Suryash Kumar
Edited by Tanima Banerjee
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
