Fino Payments Bank gets RBI approval to reappoint Rishi Gupta as MD & CEO

Fino Payments Bank has received regulatory approval from the Reserve Bank of India (RBI) to reappoint Rishi Gupta as its Managing Director and CEO for a further term of three years, effective May 2, 2026.

The approval was communicated by the RBI through a letter dated January 27, 2026. The reappointment is subject to shareholder approval and has been cleared in line with the provisions of the Banking Regulation Act, 1949.

The decision follows the recommendation of the bank’s Nomination and Remuneration Committee and approval by its Board of Directors. The bank also confirmed that Gupta is not debarred from holding the office of director by any order of SEBI or other authorities, and that he is not related to any director or key managerial personnel.

Gupta is one of the founders of Fino PayTech Limited, the holding company of Fino Payments Bank. He joined the group in 2007 as Chief Operating Officer and Chief Financial Officer, later serving as Managing Director and CEO of Fino PayTech until May 2017.

At Fino Payments Bank, he has held multiple leadership roles, including CFO since 2006, COO from 2013, and MD and CEO since 2017. He has led the institution through its listing, making it the first payments bank in India to be listed on stock exchanges.

A chartered accountant and cost and management accountant, Gupta is a rank holder from Shri Ram College of Commerce, University of Delhi. He has over 31 years of experience, primarily in financial services, with earlier stints at Maruti Udyog Limited, ICICI Group, and the International Finance Corporation.

He is also a founding member of the Business Correspondent Federation of India and currently serves as co-chair of the Fintech Committee of the Confederation of Indian Industry. His past recognitions include the CFO100 Roll of Honor from 2011 to 2013, the India CFO Award in 2014, and the ICAI award for CA Entrepreneur – Path Breaker in Banking and Financial Services in 2018.

“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.

In Q2 FY26, net profit declined 28 percent year-on-year to Rs 15.3 crore, largely due to higher tax expenses. Income from interest rose 26 percent to Rs 60.1 crore from Rs 47.7 crore in Q2 FY25.