Following the arrest of Managing Director and CEO Rishi Gupta, Fino Payments Bank has appointed Chief Financial Officer Ketan Merchant as the interim head. This decision was made to ensure continuity in daily operations amidst the current situation.
Company Information
Company
Fino Payments Bank
Location
Navi Mumbai, Maharashtra, India
About
Fino Payments Bank operates on an asset-light business model, relying on fee and commission-based income generated from a vast merchant network and strategic commercial partnerships. Backed by notable investors such as Bharat Petroleum, ICICI group, Blackstone, IFC, Intel and LIC, the bank has established itself as a leader serving the emerging India customer base. In the financial year 2022-23, the bank facilitated over 120.7 crore transactions with a gross transaction value exceeding Rs.2.55 lakh crores.
Fundz sees it the moment Fino Payments Bank changes its leadership, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Navi MumbaiFinancial ServicesFinanceFintechLendingBanking