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FINO Payments Bank Ltd. ( (IN:FINOPB) ) has provided an announcement.
Fino Payments Bank has disclosed that its Managing Director and CEO, Rishi Gupta, has been unable to perform his role in a regular manner for more than 45 days due to a pending reassessment of his ‘fit and proper’ status by the bank’s Nomination and Remuneration Committee, Board and the Reserve Bank of India. An Interim CEO has been appointed with RBI approval for this period, and Gupta is expected to resume office subject to the outcome of the reassessment.
The bank emphasized that its operations remain stable and uninterrupted, highlighting that it recently achieved its highest-ever monthly deposit balance in March 2026 and strong momentum in its referral lending business. These operational indicators suggest resilient fundamentals and support management’s assertion that the institution is well-positioned for its next phase of growth despite the temporary leadership uncertainty.
More about FINO Payments Bank Ltd.
Fino Payments Bank Ltd. operates in India’s digital banking and payments industry, offering transaction-led financial services targeted primarily at retail customers and underbanked segments. The bank focuses on deposits, payment services and referral lending, leveraging a technology-driven model to serve customers across a wide network while positioning itself for scalable growth in the payments bank space.
Average Trading Volume: 43,297
Technical Sentiment Signal: Sell
Current Market Cap: 11.28B INR
See more insights into FINOPB stock on TipRanks’ Stock Analysis page.