EconomyTuesday, 10 March 2026·The Hindu
RBI approves Ketan Merchant as interim CEO of Fino Payments Bank
RBI approved Fino Payments Bank CFO Ketan Merchant as interim CEO for three months from 27 February 2026.
Key highlights
Direct fact
On 27 February 2026, the Reserve Bank of India approved Ketan Merchant, the Chief Financial Officer of Fino Payments Bank, as interim CEO for three months after the arrest of former MD and CEO Rishi Gupta.
Key specifics
- RBI approval became effective from 27 February 2026.
- Ketan Merchant was the Chief Financial Officer (CFO) of Fino Payments Bank.
- The interim CEO term was approved for 3 months.
- Former MD and CEO Rishi Gupta was arrested in connection with alleged GST violations.
- Fino Payments Bank is in the process of converting into a Small Finance Bank.
Exam lens
Banking and regulatory question: RBI approval, interim CEO, 3-month term, GST-linked arrest, and Fino’s Small Finance Bank conversion are the key points.