Fino Payments Bank Reports Operational Stability Despite MD & CEO’s Temporary Unavailability
Fino Payments Bank Ltd. confirmed that its operations remain stable and uninterrupted, assuring stakeholders that it continues to serve customers and stakeholders in the normal course of business. The Bank also provided updates on its management structure and noted strong performance in its deposit and lending segments.The Bank issued a statement regarding the unavailability of Mr. Rishi Gupta, the Managing Director & CEO. The unavailability, which spanned a period of more than 45 days within a rolling 90-day period, was attributed to the pending re-assessment of his fit and proper status.
Previously, the Bank had disclosed that Mr. Rishi Gupta was expected to resume his role as MD & CEO following the re-assessment by the Bank's Nomination and Remuneration Committee and Board of Directors, and upon receiving a favorable view from the Reserve Bank of India. During this interim period, the Bank secured the approval of the RBI to appoint an Interim CEO.
Despite the management transition, the Bank highlighted strong underlying fundamentals and readiness for growth. The company noted that in March 2026, it recorded its highest-ever deposit balance and witnessed a strong momentum in its referral lending business.
Performance highlights cited by the Bank, based on previous disclosures, include:
| Financial Milestone | Month/Date | Observation |
|---|---|---|
| Deposit Balance | March 2026 | Highest-ever recorded balance. |
| Lending Business | Ongoing | Witnessed strong momentum in referral lending. |
| Supporting Disclosures | March 14, 2026, March 25, 2026, and April 06, 2026 | Dates of relevant operational updates. |
Stock Price Movement
At the close of trade on Monday, Fino Payments Bank Ltd. shares settled at ₹132.80, trailing a loss of 1.99% for the session. Throughout the day, the stock navigated a wide range, fluctuating between a low of ₹128.85 and a high of ₹134.00.Source:
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