Shares of Fino Payments Bank zoomed close to 9% to INR 227.45 during the intraday trading on the BSE today. The uptick came after the bank, which is currently in the process of converting into a small finance bank (SFB), said that the RBI has approved the reappointment of Rishi Gupta as its MD and CEO for a period of three years, with effect from May 2, 2026. Gupta, a chartered accountant, was part of the founding team of Fino Payments Bank, helming finance and corporate functions as its CFO since 2006. He took up the role of COO in 2013 before taking up the MD and CEO position in 2015. He has been at the helm since then. “One of the key achievements of Rishi Gupta is to inculcate the compliance culture in the bank. As part of a robust compliance system, banks are required to have an effective compliance culture, an independent corporate compliance function and a strong compliance risk management programme at the bank. He has been instrumental in ensuring that the bank functions within regulations, thus preserving its integrity and reputation in the industry,” Fino Payments Bank said. Despite the uptick in the company’s share prices… Read MoreInc42 Media
