Fino Payments Bank Extends Tenure of CEO Ketan Merchant for Up to Three Months
Fino Payments Bank Limited has extended the tenure of Mr. Ketan Merchant as Interim Chief Executive Officer (CEO). The extension is provisionally set for a period not exceeding three months, effective from August 27, 2026, and is subject to the approval of the Reserve Bank of India (RBI).The board of directors of Fino Payments Bank Limited approved the extension of Mr. Ketan Merchant, who continues to serve as a Key Managerial Personnel (KMP) and Senior Managerial Personnel of the Bank.
The details regarding the CEO's tenure extension and professional background were provided, noting that Mr. Merchant has vast experience in the banking sector.
Key details regarding Mr. Ketan Merchant and the role extension include:
| Particulars | Details |
|---|---|
| Name | Mr. Ketan Merchant |
| Role | Interim CEO of the Bank |
| Extension Period | Not exceeding 3 months |
| Effective Date | August 27, 2026 |
| Conditions | Subject to RBI approval |
Mr. Merchant possesses over 27 years of banking experience and has been integral to the formulation of the Bank's strategy since joining Fino Payments Bank Limited in 2018.
Prior to his tenure at Fino, Mr. Merchant worked with organizations including HSBC, Standard Chartered, and Barclays Group, gaining experience across retail banking and balance sheet management.
During his time at the Bank, Mr. Merchant has been pivotal in accelerating growth-oriented strategies and played a key role in the Bank's listing in 2021. Under his leadership, the Bank has adopted a three-pronged strategy of DDD (Data, Distribution, and Digital) as part of the Fino 2.0 vision.
FINOPB Stock Price Movement
Today, shares of Fino Payments Bank Limited edged higher following market activity, settling at ₹149.11. The equity traded within an intraday range between a low of ₹145.93 and a high of ₹149.90, supported by a total traded volume of 129,777 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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