Current Affairs - Banking - Discussion

Fino Payments Bank extended Ketan Merchant’s tenure as Interim Managing Director and Chief Executive Officer for another three months, beginning August 27, 2026. The extension was recommended by the Nomination & Remuneration Committee and approved by the bank’s board. It remains subject to approval from the Reserve Bank of India (RBI). Merchant assumed the interim leadership role on May 27, 2026, following the resignation of Rishi Gupta. Before becoming interim CEO, Merchant served as the bank’s Chief Financial Officer. The extension ensures continuity in leadership during the transition period.