RBI Grants Three-Month Extension to Fino Payments Bank Interim CEO

Fino Payments Bank has announced that the Reserve Bank of India (RBI) has granted an additional three-month extension to Ketan Merchant in his role as Interim Chief Executive Officer (CEO). According to the bank’s regulatory disclosure issued on Tuesday, the approval has been provided through an RBI communication dated May 25, 2026. The extension will take effect from May 27, 2026, allowing Merchant to continue leading the bank during the interim period.

Earlier, the bank’s Board of Directors had recommended the continuation of Merchant’s tenure, subject to obtaining the necessary approval from the banking regulator. The proposal was disclosed through a stock exchange filing made last week. With RBI now giving its formal consent, Fino Payments Bank will maintain continuity in its leadership and operational management for the next three months.