Fino Payments Bank Appoints Abhilash Ankathil as Chief Compliance Officer
Fino Payments Bank Limited announced the appointment of Mr. Abhilash Ankathil as its Chief Compliance Officer, effective April 06, 2026. The Board of Directors approved this appointment following the recommendation of the Nomination and Remuneration Committee.The appointment of Mr. Ankathil is effective for a period of three years, commencing on April 06, 2026, and is made in accordance with RBI Circular No. DoS.CO.PPG./SEC.02/11.01.005/202021 on Compliance functions in Banks and Role of Chief Compliance Officer (CCO). Mr. Ankathil is also included as part of the Bank's Senior Management Personnel.
Key details regarding the management change are outlined below:
| Particulars | Disclosure Details |
|---|---|
| Reason for change | Appointment of Mr. Abhilash Ankathil as Chief Compliance Officer of the Bank and forms part of the Senior Management Personnel of the Bank. |
| Date of appointment/ cessation and terms of appointment | Effective date of Appointment: April 06, 2026. Terms of appointment: On full-time employment, for a period of three (3) years w.e.f. April 06, 2026. |
| Brief Profile | Mr. Abhilash Ankathil is a senior legal professional with extensive legal expertise in banking, financial regulation, legislative drafting, enforcement, and advisory, primarily within the Reserve Bank of India (RBI). He has over 25 years of experience in banking & non-banking ecosystems, payment system regulation, including legislative drafting & enforcement actions. He has led legal teams at RBI, advised operational units, and contributed significantly to shaping regulatory frameworks through drafting, interpretation, and enforcement of laws. His expertise includes legal advice, team supervision, training & collaboration within a highly matrixed organization. Prior to this appointment, he was as a self-employed lawyer since April 2025. Prior to that he served as Deputy Legal Adviser at RBI from 2000 to 2025. In his early career, he practiced litigation independently in Calicut, Kerala. While at RBI, he contributed significantly to legal advisory functions, including policy formulation for licensing, supervision, and enforcement at financial institutions. He played a pivotal role in drafting major legislation with various government units. He has also led the design and implementation of RBI's enforcement framework, advised on the interpretation of statutes, and supervised litigation, including Supreme Court cases. During his stint, he has also engaged with various international institutions, such as the World Bank and IMF, for assessments of India's financial legal. |
| Disclosure of relationship between directors | Not Applicable |
The Board of Directors passed the Circular Resolution approving the appointment on April 06, 2026.
FINOPB Stock Price Movement
At the close of trade, shares of Fino Payments Bank Limited edged higher by 1.81% to settle at ₹123.99. The equity saw a solid day, managing to trade within an intraday range of ₹117.32 to ₹124.98.Source:
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