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The latest update is out from FINO Payments Bank Ltd. ( (IN:FINOPB) ).
Fino Payments Bank’s board has appointed long-time executive Ketan Merchant as interim CEO for up to four months, pending Reserve Bank of India approval, transitioning him from his current role as chief financial officer and head of the organisation. The bank has simultaneously named Anup Agarwal, currently leading finance, investor relations and analytics, as interim CFO for the same short-term period starting March 6, 2026, ensuring continuity in top management during the leadership transition.
In addition, the board approved the appointment of a special consultant to conduct a focused review of goods and services tax compliance and related areas, acting on recommendations from the audit committee. The moves underscore the bank’s attempt to manage regulatory expectations, safeguard financial governance and maintain operational stability while it navigates a change at the helm and strengthens its internal control environment.
More about FINO Payments Bank Ltd.
Fino Payments Bank Ltd. operates in India’s payments bank segment, offering digital banking and financial inclusion services with a focus on low-ticket transactions and mass-market customers. Listed on Indian stock exchanges, the Navi Mumbai-based bank positions itself as a technology-led player using data, distribution, and digital platforms to scale its Fino 2.0 growth strategy.
Average Trading Volume: 22,304
Technical Sentiment Signal: Sell
Current Market Cap: 15.14B INR
Find detailed analytics on FINOPB stock on TipRanks’ Stock Analysis page.