RBI Approves Ketan Merchant as Interim CEO of Fino Payments Bank:
The Reserve Bank of India (RBI) has approved the appointment of Ketan Merchant as interim CEO of Fino Payments Bank.
- This appointment approval for a temporary period of three months.
- The decision was announced on March 6 2026. The decision comes following the arrest of the bank’s Managing Director and CEO Rishi Gupta in a GST related case.
- Merchant currently serves as the Chief Financial Officer (CFO) of Fino Payments Bank.
- The RBI approval for Ketan Merchant interim CEO appointment will ensures leadership continuity at Fino Payments Bank.
- The central bank will allowed Merchant to be serve as interim CEO for three months starting February 27 2026 or until further decisions are made regarding the position of Rishi Gupta.
- This approval came through an official communication from the RBI to the bank’s board.
- The appointment was made after the bank’s board requested Merchant to take charge of day to day operations following Gupta’s arrest.
- The Nomination and Remuneration Committee (NRC) and the board will review Gupta’s eligibility before a final decision will be taken by the regulator.
