Fino Payments Bank Appoints Ketan Merchant As Interim CEO, Anup Agarwal Gets Temporary CFO Charge

Fino Payments Bank has appointed Ketan Merchant as its interim CEO following the arrest of its former MD and CEO, Rishi Gupta, on charges related to the CGST and SGST acts. Merchant, who was already overseeing the bank's operations, will ensure the continuity of services during this transitional phase. Additionally, Anup Agarwal has been entrusted with the temporary role of Chief Financial Officer (CFO) to manage the bank's financial strategies. This leadership change comes at a critical time for Fino Payments Bank, as it navigates regulatory challenges and aims to maintain stability in its operations. The bank, which focuses on digital financial services, is working to reassure stakeholders and customers amid these developments, highlighting its commitment to compliance and efficient service delivery.