Fino Payments Bank Share Price Gains Over 7%; Gets RBI Approval for Reappointment of Rishi Gupta as MD and CEO

Fino Payments Bank Limited has informed stock exchanges that the Reserve Bank of India has approved the reappointment of Mr. Rishi Gupta as Managing Director and Chief Executive Officer of the bank. 

RBI Approval for Managing Director and CEO Reappointment 

On January 28, 2026, Fino Payments Bank disclosed that the Reserve Bank of India, through its letter dated January 27, 2026, approved the reappointment of Mr. Rishi Gupta as Managing Director and CEO. The approval is effective from May 02, 2026, for a tenure of 3 consecutive years ending on May 01, 2029. 

Board and Regulatory Approvals 

The reappointment follows the recommendation of the Nomination and Remuneration Committee and approval by the Board of Directors, as previously communicated on October 17, 2025. The appointment remains subject to shareholder approval in accordance with applicable provisions of the Banking Regulation Act, 1949. 

Regulatory Disclosure Under SEBI Regulations 

The disclosure has been made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with the SEBI Master Circular dated November 11, 2024. The bank confirmed that Mr. Rishi Gupta is not debarred from holding the office of Director by any SEBI or statutory authority. 

Read More: Apple Pay Set to Enter India Market; Launch Expected by Late 2026! 

Profile and Professional Background of Rishi Gupta 

Mr. Rishi Gupta is one of the founders of Fino PayTech Limited, the holding company of Fino Payments Bank. He joined the group on January 01, 2007, and has previously served as Chief Operating Officer, Chief Financial Officer, and Managing Director and CEO of Fino PayTech Limited until May 2017. 

Additional Disclosures 

The bank stated that Mr. Rishi Gupta is not related to any Director or Key Managerial Personnel. His professional experience spans 31 years, primarily in financial services, including roles at Maruti Udyog Limited, ICICI Group, and International Finance Corporation. 

Fino Payments Bank Share Price Performance  

As of January 28, 2026, at 12:03 PM, Fino Payments Bank share price on NSE was trading at ₹223.50 up by 6.99% from the previous closing price. 

Conclusion 

The RBI approval enables Fino Payments Bank to proceed with the reappointment of Mr. Rishi Gupta as Managing Director and CEO for the next 3 year term, subject to shareholder approval. The bank has complied with all regulatory disclosure requirements. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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