Current Affairs - Awards and Honours - Discussion

The Reserve Bank of India approved Ketan Merchant as the interim Chief Executive Officer of Fino Payments Bank for a temporary period of three months. The decision was taken after the arrest of the bank’s Managing Director and CEO, Rishi Gupta, in connection with an alleged GST-related case. Ketan Merchant was serving as the Chief Financial Officer of the bank at the time of his appointment. His role as interim CEO ensures leadership continuity and smooth functioning of the bank’s operations during the transition period. The appointment allows the bank’s board and regulatory authorities to review the situation and decide on the long-term leadership arrangement.