Fino Payments Bank Share Price in Focus; Receives RBI Approval to Extend Interim CEO Tenure

On August 26, 2026, Fino Payments Bank Limited announced the extension of Mr. Ketan Merchant's tenure as Interim CEO, as per the exchange filings.  

The Reserve Bank of India (RBI) has approved this extension for an additional 3 months, effective from August 27, 2026, or until a regular MD & CEO takes charge. 

RBI Approval for CEO Tenure Extension 

On August 25, 2026, the Reserve Bank of India granted approval for the extension of Mr. Ketan Merchant's tenure as Interim CEO of Fino Payments Bank.  

This extension is set for 3 months, starting from August 27, 2026, or until a new MD & CEO is appointed, whichever comes first. 

Business Model and Portfolio Strategy 

Fino Payments Bank plans to maintain a predominantly fee-based business model complemented by a secured lending portfolio.  

The bank's differentiation for SFB is based on a strong liability franchise, an asset-light lending model, and a technology-led operation platform.  

Q1 FY27 disbursals reached ₹628 crores, a 214% increase YoY, focusing on secured loans such as gold loans, affordable housing, and loans against property. 

Liability Franchise and Customer Engagement 

The bank's average CASA balance stood at ₹1,280 crores, with total deposits at ₹2,772 crores, a 12% YoY increase. The cost of funds is currently 1.4%, providing a structural advantage.  

The bank targets a CASA ratio of 65% and a credit-deposit ratio of 70% in the first 3 years of SFB. 

Revenue and Profitability 

Fee-based income contributed over 75% of the revenue, amounting to ₹234 crores in Q1 FY27. The net revenue margin was 42.8%, up 275 bps QoQ and 925 bps YoY.  

EBITDA declined to ₹43.1 crores due to the pause in UPI P2M B2B and investments in technology and risk management. 

Read More: Goodluck India Share Price Gains Over 6% Ahead of 2:1 Bonus Share Issue Record Date! 

Fino Payments Bank Share Price Performance 

As of August 27, 2026, at 10:33 AM, Fino Payments Bank share price on NSE was trading at ₹144.87, down by 0.46% from the previous closing price. 

Conclusion 

Fino Payments Bank has received RBI approval to extend Mr. Ketan Merchant's tenure as Interim CEO for 3 months starting August 27, 2026. This extension is valid until a new MD & CEO is appointed. 

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